Symantec’s Play for Splunk Ends After Review

Symantec Corp. held talks to acquire Splunk Inc. but called them off after reviewing the analytics software company’s finances, people familiar with the matter said.

The data-security provider saw San Francisco-based Splunk as overvalued by the market based on Symantec’s estimates, said the people, who asked not to be identified because the discussions were private. It isn’t clear what specific issues caused Symantec to step back.

Symantec Chief Executive Officer Greg Clark told Bloomberg this month that Splunk was an attractive acquisition target for a strategic buyer. He didn’t say at the time whether it would be a good fit for Symantec. Clark also said Symantec was open to doing a large acquisition but didn’t disclose any talks to buy Splunk, which has a market value of $9.4 billion.

Symantec, with a market capitalization of $20.6 billion, has grown since last year through several large acquisitions. It acquired Blue Coat Inc. for $4.65 billion in a deal that brought Clark, previously Blue Coat’s CEO, to the company. It later announced a deal to buy LifeLock Inc. for $2.3 billion. Symantec also looked at buying FireEye Inc. before settling on Blue Coat.

A spokeswoman for Mountain View, California-based Symantec declined to comment. A representative of Splunk didn’t immediately respond to a request for comment.

— With assistance by Joshua Fineman

    Article source: https://www.bloomberg.com/news/articles/2017-09-20/symantec-play-for-splunk-is-said-to-have-ended-after-review

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Kaspersky Lab secures contract with Brazilian Armed Forces | ZDNet

Kaspersky finds backdoor in business software that left hundreds of companies vulnerable

Kaspersky Lab has won a tender to supply cybersecurity tools to the Brazilian Air Forces.

After a “complex public competition” through local channel partner EsyWorld, the Russian company said it underwent a “rigorous evaluation process” to establish whether its software offerings were fit for purpose.

The contract has a duration of three years and is worth 8,4 million reais ($2,6 million) in total, of which 4,5 million reais ($1,4 million) will be destined to Army projects alone, with a cybersecurity budget of 2,3 million reais ($735,000) for the Air Force and 1,6 million ($512,000) reais for the Navy.

Kaspersky Lab did not disclose details of the specific products that the Brazilian Armed Forces will be using or when the work will commence, but the official announcement mentions that the some 120,000 computers will be equipped with the new software.

“Winning this tender positions Kaspersky Lab strategically to offer the same solutions to the Brazilian Armed Forces as a whole,” the company said in a statement.

Last week, the US Department of Homeland Security (DHS) issued a binding operational directive to all federal agencies, ordering them to discontinue use of Kaspersky software over concerns with the Russian-based company’s ties to the Kremlin.

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Article source: http://www.zdnet.com/article/kaspersky-lab-secures-contract-with-brazilian-armed-forces/

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Sophos Expands Global Channel Program to Enable Partners to Become Cloud Security Providers

OXFORD, United Kingdom, Sept. 20, 2017 (GLOBE NEWSWIRE) — Sophos (LSE:SOPH), a global leader in network and endpoint security, today announced that it has expanded its Partner Program to now offer training, certification and financial incentives that will help channel partners support customers using or migrating to the public cloud. Sophos is the first next-gen security vendor to introduce a program specifically designed to help partners address this revenue growth opportunity and make the purchase of its products in Microsoft’s Azure or Amazon Web Services (AWS) marketplaces channel-friendly. According to Gartner, Inc., the worldwide public cloud services market is projected to grow 18 percent in 2017 and is expected to reach $383.3 billion by 2020.

Sophos also announced Sophos Server Protection is now available for Azure. When used with Sophos XG Firewall on Azure, Sophos Synchronized Security technology will coordinate defenses against cyber threats attacking multiple vectors, including Virtual Machines (VMs) running in Azure. Sophos will showcase its portfolio of security products for Azure, as well as how partners can become Cloud Security Providers, at Microsoft Ignite from Sept. 25-29, booth #1836.

“Partners see a big opportunity to help customers secure their public cloud deployments and they want to continue to receive the same benefits that they get through traditional sales models set up with their vendor partner programs. Sophos is paving the way for this to happen and created a new program that delivers the same type of partner program benefits to partners selling Sophos solutions into public cloud deployments,” said Kendra Krause, vice president of global channel, Sophos. “As customers increasingly adopt cloud computing – either all-at-once or methodically over time – partners need a strategic business model that includes innovative security technology, reliable vendor training and support, and financial incentives. As a channel-only company, Sophos is committed to accelerating partner success and revenue growth with cloud security. This is a great opportunity for partners to become specialized as Sophos Cloud Security Providers and benefit from today’s growing billion dollar cloud marketplace.”  

As Sophos Cloud Security Providers, partners will be able to build-up their technical expertise to better recommend how customers evolve to cloud deployments with the right security products. While Microsoft and Amazon manage security for their respective cloud infrastructures, businesses are expected to secure what they bring to cloud. By working with Sophos, partners can play an important advisory role on what customers need whether they are newly migrating, are all-in or have a hybrid scenario. Sophos will also work with partners to maximize Bring-Your-Own-License (BYOL) or Pay-As-You-Go (PAYG) purchasing and deployment options for their customers.

Benefits as a Sophos Cloud Security Provider include:

  • Increased partner margin through rebates when customers buy Sophos products that are available on Azure and AWS cloud marketplaces
  • Revenue from BYOL deals that apply in the cloud environment
  • Sales and pipeline lead generation from Sophos free product trials and PAYG testing
  • Training and support from Sophos Security Architects who specialize in cloud security and migration
  • Certification as a Sophos Cloud Security Provider, which is available in two tiers: Professional level for partners who focus on consulting and selling services and Expert level for those who also have deployment services for customers
  • Enhanced lead sharing for partners certified at the Expert level, due to their ability to provide pre- and post-sales support as customers deploy, run and manage applications in Azure or AWS

“As a Sophos Cloud Security Provider, we can better help customers access Sophos’ cloud security products using marketplace-based licensing and deployment methods that make sense for them. Even better, the new specialized training, certification and revenue return is all channel-focused. Sophos has succeeded in striking the right balance of advancing security into the public cloud and making channel partners a priority,” said Kevin Clements, chief technology officer at Somerset, N.J.-based SHI, Inc., and manager of his global company’s customer-facing offerings from public cloud service providers. “As our customers move to the public cloud, security will always be top-of-mind. It’s important for maintaining market leadership and for protecting their applications and data from cyber attacks like ransomware and malicious malware.” 

For more information on the Sophos Cloud Security Provider program, partners can go to Sophos.com.

Read the latest security news and views on our award-winning Naked Security News and read more about Sophos on our News blog.

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About Sophos
Sophos is a leader in next-generation endpoint and network security, and as the pioneer of synchronized security develops its innovative portfolio of endpoint, network, encryption, web, email and mobile security solutions to work better together. More than 100 million users in 150 countries rely on Sophos solutions as the best protection against sophisticated threats and data loss. Sophos products are exclusively available through a global channel of more than 26,000 registered partners. Sophos is headquartered in Oxford, UK and is publicly traded on the London Stock Exchange under the symbol “SOPH.” More information is available at www.sophos.com.

For more information, please contact:
Sara Eberle
Public Relations Manager – Americas
[email protected]
+1 781-743-7402

Stephanie Jackman, account manager, March Communications
[email protected]
Office: 617-960-9882
Cell: 413-374-7264

Article source: https://globenewswire.com/news-release/2017/09/20/1125270/0/en/Sophos-Expands-Global-Channel-Program-to-Enable-Partners-to-Become-Cloud-Security-Providers.html

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