This morning BeyondTrust announced that we have acquired eEye Digital Security, a well-respected leader in vulnerability and threat management. This is a very exciting move which will accelerate our existing company velocity in the security, compliance, and governance markets.
Register for a webcast to learn more about BeyondTrust's acquisition of eEye Digital Security.
When BeyondTrust and eEye began a technology partnership in late 2011, it was quickly apparent that the two companies were very like-minded in their approach to identifying and delivering on the market opportunities before them. We both have set new standards for security and compliance solutions for the mobile, cloud, and virtualization technologies that the Global 2000 is investigating heavily in today. We both also have a natural predisposition towards delivering complete solutions, which is increasingly more important to operators of dynamic networks. As our partnership progressed, it became clear to the leadership teams at both BeyondTrust and eEye that a more strategic combination of the two companies could provide immediate benefits to our customers and the market at large.
That brings us to today. The acquisition brings three key value points to the industry:
Intelligent, context-aware security of systems, people, and data
Integrated protection for both internal and external threats
Comprehensive logging and reporting for security and compliance auditing purposes
The visions combines the strength of eEye's security intelligence with the security capability and compliance data from the BeyondTrust Privilege Identity Management product line, in what we are now referring to as "Context Aware Security Intelligence." This single pane of glass allows our customers to figure out "what's first, what's next" and most importantly, prioritize execution to reduce the risk profile of their IT Infrastructure. The result is an operational advantage, as it allows our customers to certify compliance initiatives in a more powerful way.
We plan to continue to invest heavily in our joint product lines - in fact, we'll devote over 25% of revenue to R&D, where we'll have over 120 people building great products and solutions for our customers.
I'm excited to have members of the eEye leadership team join my management team. I think this firmly emonstrates that this is a very complementary acquisition, where two very strong companies in their own right are coming together to build the next great software company.
Please join me May 15, 2012 at 11am PT for a public webinar where we'll discuss the combined company's vision, value proposition, and operational profile. You can register for that webcast here.
- John Mutch, CEO, BeyondTrust Software
