On TechRepublic: 10+ phrases that can be offensive
BNET Business Network:
BNET
TechRepublic
ZDNet

By Stephen Shankland
Posted on ZDNet News: Sep 16, 2004 9:38:00 PM

Symantec has signed an agreement to acquire @stake, a security consulting and software company, Symantec said Thursday.

@stake will improve Symantec's consulting contacts--six of the top 10 financial institutions are customers, Symantec said. Symantec also will get products to help check and recover lost passwords and to test and improve Web site security.

The deal is expected to close in October, but terms were not disclosed.

@stake was founded by members of "l0pht," one of the original "gray hat" hacker groups. Originally, such groups wanted to distance themselves from both corporations and malicious "black hat" hackers.

The acquisition won't be the first time Symantec has tapped the old-school hacker community for expertise. In 2002, Symantec bought SecurityFocus, which runs the active BugTraq mailing list about software vulnerabilities.

The move counters a step by one of Symantec's main rivals, McAfee, which in August acquired security specialist Foundstone. Symantec has acquired several security companies in recent years.

SponsoredWhite Papers, Webcasts, and Downloads

Talkback

Add your opinion
advertisement

White Papers, Webcasts, and Downloads

  • Smart Tech Expert advice on innovations in healthcare and the green technologies that make it happen. Find out more
  • Smart Business Discussion and advice on management issues that revolve around making your world smarter and more useful. More Smart Advice
  • Smart People The best and worst moves in the management and strategy trenches. Learn More