PatchLink to acquire SecureWave SA

Acquisition creates a combined global operations service with around 5,000 customers.

Vulnerability management solutions vendor PatchLink’s acquisition of SecureWave SA, a provider of endpoint security products, has been agreed to in an all-stock merger.

The merger transaction is subject to the approval of SecureWave shareholders and is expected to be closed in the following weeks.

The acquisition follows closely on the heels of PatchLink’s February 2007 acquisition of Harris STAT.

Pat Clawson, chairman and CEO of PatchLink said the combination of SecureWave with PatchLink’s vulnerability management solutions, provide organisations with enterprise-wide policy management.

“This allows them to assess and prioritise vulnerabilities, proactively enforce application and device security policies and automatically patch and remediate vulnerabilities across their entire IT infrastructures,” he said.

As part of the agreement, Mangrove Capital Partners, an original investor in Skype and the primary shareholder in Securewave SA, will be given a seat on the PatchLink board of directors.