Trend Micro acquiring Third Brigade in IT security deal
Trend Micro Wednesday announced it's acquiring Third Brigade, an Ottawa, Ontario provider of host-based intrusion-prevention and firewall software, for an undisclosed price.
[ View Slideshow of Hottest Tech M&A Deals of 2009 ]
Trend Micro has had a close partnership with Third Brigade for two years in which Trend has integrated Third Brigade's host-based intrusion-prevention/firewall software into the Trend OfficeScan product line.
Trend Micro will hold a press conference this morning to discuss the acquisition but in a statement earlier Wednesday, CEO Eva Chen said acquiring Third Brigade will "accelerate ongoing efforts to deliver innovative solutions that are uniquely suited to dynamic data centers."
Wael Mohamed, president and CEO of Third Brigade, founded in 2004, said Trend Micro and Third Brigade share a "common vision," adding that Third Brigade, as part of Trend, will benefit from the buyer's "substantial industry, channel and financial strengths."
The deal is expected to close during the second half of this year.
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