Apr, 2003 : Network Associates Buys Intrusion Detection Firm

📅 April 4, 2003 - Network security firm Network Associates, Inc. (nai.com) today announced a definitive agreement to acquire Entercept Security Technologies (entercept.com), a provider of intrusion protection technology, for $120 million in cash. The company provides host-based intrusion protection solutions that proactively detect and stop security attacks before they cause damage.

Entercept is a privately held company that provides host-based intrusion protection to protect servers, operating systems, databases and applications from security threats. The Entercept products utilize a combination of behavioral rules and signatures to prevent both known and unknown attacks, rather than detecting and reporting an attack after it has occurred. The products protect servers against attacks launched both externally and internally.
Since its inception, Entercept has built a customer base of over 1,100 enterprise and government customers including New Century Mortgage, First Citizens Bank, Corio and Arlington County.
"Entercept has proven success in delivering next-generation solutions that actively block security attacks," said Lou Ryan, president and chief executive officer of Entercept Security Technologies. "Network Associates' global presence and market leadership in the anti-virus space will enable worldwide expansion of the Entercept solutions."
Network Associates expects to finalize the acquisition within the next 45 days.