(By Balaseshan) EMC Corp. (NYSE: EMC) said it has agreed to buy a privately-held provider of web fraud detection and security software, Silver Tail Systems, for an undisclosed sum.
The acquisition is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year. EMC said Silver Tail, which is a developer of big data-driven security solutions, will operate within RSA security division.
Upon closing, Silver Tail is expected to extend the capabilities of RSA's Identity Protection and Verification (IPV) solutions, as well as other areas across RSA's enterprise security portfolio.
Silver Tail's innovative technology enhances RSA's position in the rapidly growing Web Fraud Detection market and complements RSA's anti-fraud solutions that help leading banks and retailers thwart sophisticated cybercrime attacks.
Silver Tail's Big Data approach to fighting cybercrime will help accelerate RSA's strategy to leverage data analytics and adaptive risk-based controls for broader consumer and enterprise security use cases.
"We see tremendous opportunity with Silver Tail at the intersection of Big Data and Security to leverage our collective expertise and technologies to move beyond the hype to execute on the vision of intelligence-driven security that is risk-based, agile and contextual," said Art Coviello, RSA Executive Chairman and Executive Vice President, EMC.
The acquisition is expected to be completed in the fourth quarter of 2012, subject to certain closing conditions.
EMC closed Friday's regular session at $23.91. The stock has been trading between $21.25 and $30 for the past 52 weeks.