14 DAY TRIAL // EMC Corporation has signed a definitive agreement to acquire Silver Tail Systems – a company that specializes in providing web fraud detection solutions and security software. After the deal is closed, Silver Tail will operate within RSA’s security division.
EMC is confident that by acquiring Silver Tail, the RSA's Identity Protection and Verification solutions’ capabilities will be enhanced.
Silver Tail’s web fraud detection solutions are expected to complement the RSA’s anti-fraud products already utilized by numerous high-profile organizations against cybercriminal attacks.
“The industry is well beyond the point of providing effective security using static, perimeter point tools that fail to keep up with dynamic cyber attackers,” said Art Coviello, RSA executive chairman and executive vice president.
“Customers need better intelligence, analytics, and the ability to respond in real time which is a capability that Silver Tail's products do extraordinarily well to help foil web-based attacks. Silver Tail offers proven anti-fraud solutions that complement RSA's portfolio of risk-based and adaptive products and services,” he added.
“Silver Tail pioneered an approach that uses web session intelligence to provide unmatched visibility and the behavioral analysis that detects these threats and protects web-based platforms around the world,” Tim Eades, chief executive officer of Silver Tail Systems, explained.
“Together with RSA, we have an incredible opportunity to extend these capabilities beyond what we do today to protect web-based platforms.
“Silver Tail's session intelligence technology demonstrates the capacity to expand the awareness and intelligence of what is occurring on the network with context, helping to rapidly sift through data to identify unexpected behavior and apply controls against advanced threats and malicious attacks.”
The terms of the agreement haven’t been made public, but EMC emphasizes that the move will not have a material impact on the company for the 2012 fiscal year. The process is expected to be completed in this year’s fourth quarter.