Lumension takes Securityworks

Endpoint security solutions vendor Lumension announced on Monday its acquisition of Securityworks, an IT security, risk and compliance solutions vendor. The acquisition will enable Lumension to help organizations improve their overall security and risk posture, optimize IT resources, increase operational efficiency and reduce the cost and complexity of demonstrating compliance the company said in a news release. The IT governance, risk management and compliance (GRC) software market is expected to grow from $590 million in 2006 to $1.3 billion by 2011, according to Forrester Research. — AM