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Phion buys into network security with acquisition of Visonys

Phion : 17 June, 2008  (Company News)
Phion strengthens growth potential in network security technology with the acquisition of Swiss IT security company, Visonys
Phion has acquired 100% of the shares of Visonys, a Swiss-based IT security company. This acquisition is a cornerstone of phion's strategic plan to grow the company and strengthens phion's market position in the field of network security. As the acquisition complements and expands phion's product portfolio and creates new cross-selling opportunities, phion expects to see an increase in sales.

Visonys has 20 employees and is headquartered in Zurich. Phion plans to keep the acquired company as a separate operational unit. The purchase price, which will remain undisclosed, was paid in cash and has a performance-related component.

visonysAirlock solutions protect web applications and web services from malicious software and web-based attacks, increase availability and reduce operational costs. visonysAirlock enforces user authentication and features single sign on. The powerful monitoring and reporting platform ensures a constant overview of the security status. visonysAirlock is the market's only web application firewall (WAF) that covers the entire spectrum of security requirements and optimizes the entire web environment. Generic security services and an easy integration into existing infrastructures, make visonysAirlock a high performance yet cost-effective security tool. Leading global enterprises from all fields and nine of ten Swiss banks rely on Visonys for protecting their web environment.

The acquisition of Visonys strengthens phion's growth plans and brings strategic advantages to customers, partners and employees of both companies. The extended range of solutions and close co-operation in all departments, from development to sales, will strengthen phion's product portfolio, create new sales opportunities in the enterprise market and leverage an efficient use of existing cross-selling potential. The existing channel and partner structures will not be affected by this acquisition.

Dr Wieland Alge, CEO phion: "The acquisition of Visonys is another important step in our ambition to become a European leader in IT network security. The security and integrity of web applications and services is vital for all enterprises that have web-based sensitive information, use or offer online banking services and operate e-commerce businesses. Web application security is increasingly becoming a concern for many organizations, as reflected in compliance requirements such as the Payment Card Industry (PCI) Data Security Standard (DSS). visonysAirlock is one of the leading web application firewalls available on the market. We at phion saw a natural fit in teaming with Visonys to better address the market's need for effective network security solutions."

"Phion have proven again and again that the key for comprehensive communication protection lies in the efficient integration of different technologies and a convergent solution portfolio," says Cyrill Osterwalder, CEO of Visonys. "With the combined know-how, resources and technology synergy of two leading network security companies, we are equipped to solve both current and future security challenges even better."
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