Baltimore, a vendor of e-security, is to acquire Nevex Software Technologies, designer of policy-driven authorisation technology. The deal is worth $42 million and is expected to close later this month.
“This technology represents a quantum leap forward in terms of the solutions available in this market space. The acquisition of Nevex brings XML-based secure access and authorisation management technology, and a team of developers who are among the best in the field,” said Fran Rooney, chief executive officer of Baltimore.
“Information and content are valuable assets. Every organisation needs to put in place policy-based mechanisms to leverage these assets as they open up their networks for e-business,” said Rooney.
Policy-driven access and authorisation management is the cornerstone of e-security, and this market segment is expected to reach $3.5 billion by 2003. The evolution of the Internet as a platform for commerce is fuelling demand for solutions that protect corporate assets. By 2002, 50% of e-business extranets and portals will use these systems.
“Access management services are becoming a critical component of e-business security infrastructures,” commented Jamie Lewis, Burton Group CEO. “By acquiring Nevex’s XML-based access management system, Baltimore has increased the flexibility of its product line, giving customers the ability to deploy centralised policy management that works with a variety of authentication mechanisms.”
Businesses increasingly need to share corporate resources with users outside the firewall. E-business extranets demand robust authorisation and access control management services to support commerce while maintaining security. Baltimore will implement rules to connect users to the appropriate applications and data.
Secure extranet management reduces administrative costs; improves and personalises customer experiences through a single point of access; and eliminates the need to build security systems into each application.
Nevex Software Technologies, based in Toronto, Canada, is a software development company specialising in policy-driven access and authorisation management technology.
Baltimore Technologies employs over 800 people worldwide and operates from over 30 cities with headquarters in Dublin, Ireland; London, UK; Boston, USA and Sydney, Australia.