Symantec To Acquire Liric Associates and @stake

Symantec has signed a definitive agreement to acquire LIRIC Associates, a UK consultancy based in Oxford that offers expertise in assessing the security needs of highly complex global networks and designing the architecture and policies to secure these networks. This follows the announcement to acquire @stake, Inc., a leading digital security company that helps corporations secure their critical infrastructure and applications. The transactions are expected to close in October. By acquiring LIRIC and @stake, Symantec is expanding the capacity of its global professional services group to help customers bridge the gap between security threats and the security technologies that help manage those threats.

“Customers have asked Symantec to offer services that complement our security technologies ,” said Aled Miles, Symantec managing director & vice president of Northern Europe. “LIRIC Associates has an unparalled reputation as the leader in designing security solutions to address the needs of highly complex networks. Its people and knowledge will expand our consulting capabilities and allow us to better meet the needs of our customers. By joining forces with @stake, the leader in application security consulting, we are expanding the capacity and capabilities of our consulting organisation, which will allow us to better secure the applications that our customers develop and deploy.”

LIRIC’s services range from vulnerability and risk assessment to secure system design and operational security policies. Its consultants and engineers all have a minimum of 20 years’ experience in their field and the company has a number of industry certifications that assure the highest quality, including ISO 9000-2000 and BS 7799. These qualifications allow LIRIC to work with customers that include national and local UK government and major corporate organisations throughout the United Kingdom. Since its formation in 1994, LIRIC Associates Ltd has provided innovative Information Technology, IT Security and Telecommunications consultancy to a wide range of UK government departments and private sector organisations. LIRIC maintains a vendor-independent stance making them an ideal partner to monitor the delivery of services and products on behalf of their clients – a trusted advisor role. The company has helped protect its clients’ IT systems against hacking and corporate fraud with a comprehensive range of services, which include consultancy advice, assessment design, implementation and management.

@stake provides digital security consulting services and award-winning security auditing and analysis products to assess and manage risk in the technologies that are deployed in corporate environments. Its consultants have a strong foundation in research and combine technical expertise with a business focus to create comprehensive security solutions to manage risks across complex enterprise IT environments. @stake’s solutions enable electronic business in a variety of industries including banking and finance, e-business, software development, and telecommunications. @stake has gained market traction in industries such as finance, telecommunications, and software technology whose success depends upon conducting business via secure applications and complex infrastructures. Its customers include six of the world’s top ten financial institutions, four of the world’s top ten independent software companies and seven of the world’s top ten telecommunications carriers.

About Symantec
Symantec is the global leader in information security providing a broad range of software, appliances and services designed to help individuals, small and mid-sized businesses, and large enterprises secure and manage their IT infrastructure. Symantec’s Norton brand of products is the worldwide leader in consumer security and problem-solving solutions. Headquartered in Cupertino, Calif., Symantec has operations in more than 35 countries. More information is available at http://www.symantec.com.




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