Tripwire to Acquire nCircle

IT security and compliance solutions firm TripWire, announced on Monday that it would acquire nCircle, a provider of information risk and security performance management solutions.

According to nCircle, more than 6,500 organizations use its on premise or cloud-based services.

The terms of the acquisition were not disclosed, and the acquisition is expected to close in April.

According to the announcement, the two companies had combined bookings of approximately $140 million in 2012, and will now have have over 500 employees and more than 7,000 customers in 96 countries.

Portland, Oregon-based Tripwire was acquired by private equity firm Thoma Bravo in 2011 for an undisclosed amount.

“Tripwire and nCircle have the opportunity to be a powerful and transformational combination in the rapidly changing security market,” said Jim Johnson, CEO of Tripwire. “Our combined solutions are uniquely positioned to align security posture with business objectives, a crucial step in making security and risk meaningful and actionable across the enterprise.”

“Security experts know that continuous monitoring — the process of finding and eliminating vulnerabilities before they can be exploited — is a foundational component of any security framework and the most cost effective way to reduce the risk of security breaches,” said Abe Kleinfeld, CEO of nCircle. “The combination of Tripwire and nCircle brings together the industry’s leading researchers and the broadest and deepest solutions for reducing risk.”