“Intrusion.com, Inc. (NASDAQ:INTZ), a global provider of
enterprise security solutions, today announced the acquisition of
MimeStar, Inc., developer of the advanced network intrusion
detection software, SecureNet Pro[tm]. Under the terms of the
merger agreement, Intrusion.com expects to pay $4 million in cash
and issue 95,969 shares of its stock to MimeStar’s
stockholders.”
“The acquisition represents a key component of
Intrusion.com’s strategy to provide a full range of security
offerings for the protection of e-business, Web servers and
internal computing systems. MimeStar’s SecureNet Pro
network-based intrusion detection software rounds out
Intrusion.com’s technology portfolio with a network-based solution
that is complementary to the company’s existing host-based
intrusion detection, security assessment, behavior profiling, and
security information analysis and management products. “
“According to Frost & Sullivan, intrusion detection system
technology is an important component of a comprehensive enterprise
security strategy. They forecast that the U.S. intrusion detection
market will grow from $62.3 million in 1999 to $1.71 billion in
2006 due to growth in the use of the Internet for e-business and
e-commerce.”