Symantec to Buy Security Firm @stake
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“Security giant Symantec is buying digital security company @stake for an undisclosed sum in a deal that is expected to close in October.
The primary business of @stake is digital security consulting services, but it also provides security auditing and security analysis products. One of @stake’s main security consulting competitors, Foundstone, was snapped up in mid-August by Symantec’s rival McAfee for $86 million in cash.
Gail Hamilton, executive vice president of Symantec Global Services and Support, positioned the acquisition as a way to broaden Symantec’s application security consulting business. “By joining forces with a leader in application security consulting, we expand the capacity and capabilities of our consulting organization, which allows us to better secure the applications that our customers develop and deploy,” Hamilton said in a statement.”
