EMC Announces Acquisition of NetWitness

EMC Corporation (NYSE:EMC) announced today its acquisition of the privately held NetWitness Corporation, a leading provider of network security analysis solutions.

The acquisition closed on April 1st, 2011, and NetWitness will now operate as part of RSA, the security division of EMC.

EMC does not expect the transaction to have a material impact to revenue or EPS for the full 2011 fiscal year.

Tom Heiser, President, RSA, The Security Division of EMC said, "The intensity and sophistication of advanced adversaries and zero day malware challenge every organization to rethink traditional approaches to network security. NetWitness has redefined the security landscape, providing a powerful solution for organizations seeking to gain immediate insight, precise clarity, and timely closure in the face of the toughest cyber threats. NetWitness' unique network security analysis capabilities extend RSA's solutions for managing security risk and compliance across both physical and virtual environments."

EMC has a potential upside of 12.5% based on a current price of $26.02 and an average consensus analyst price target of $29.27.

Category:

News & Politics

Tags:

• EMC Corp
• NetWitness
• Security
• Merger
• Acquisition
• Financial
• News
• Business
• Stock
• Trading
• Market
• Analysis