Axent Technologies acquires Internet Tools

Maryland Watch

January 14, 1999

Axent Technologies Inc., a Rockville computer and information security company, said yesterday that it has acquired Internet Tools Inc. of Fremont, Calif., in a stock deal valued at $26.5 million.

Axent bought Internet Tools to get a bigger share of the intrusion-detection market, which focuses on ways to detect and repel hackers and other computer users who enter systems without permission.

Intrusion detection can protect either an individual computer or a whole network of computers.

Axent's strength lay in intrusion-detection systems that protect individual computers, while Internet Tools specialized in technology that guards whole networks.

"We had very strong host-based technology. [Internet Tools' product] is more of a perimeter technology," said John Becker, Axent's chairman and chief executive officer.

Axent has more than 500 employees; Internet Tools had 15. Becker said no job cuts will result from the merger.

"We think the opportunities in intrusion detection are very, very bright," Becker said.

Axent's stock fell $1.625, to $33.75, yesterday.

Pub Date: 1/14/99

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