This week’s news is dominated by the announcement that the Intel deal to buy McAfee has finally closed, while Google has also bought into security with the acquisition of Zynamics. We look at the governance part of GRC, while Reuters and Bluestar have announced new releases.
Intel, McAfee Deal Closed
In August of last year, Intel announced that it had agreed to buy McAfee for US$ 7.68 billion. Just this week, it announced that the deal is finally done and that they are actively working on projects that should produce results some time later in the year.
The announcement that the deal has finally cleared all the regulatory hurdles gave some indication of what Intel (news, site) hopes to get out of it, and confirms speculation at the time that it was about providing security for emerging technologies as much as it is about providing security for ones that are already established.
In the past, energy-efficient performance and Internet connectivity have defined computing requirements . . . but also brings incredibly talented people focused on delivering products and services that help make connecting to the mobile Internet safer and more secure," Renee James, Intel senior VP, said of the deal.
There are two things here: Talent and mobile. Intel is focusing on bringing in a pile of people who can turn their hand to just about anything security-driven and, notably, networks and connections -- an essential part of coaxing companies into the cloud.
The other is the mobile element, which we probably don’t have to explain too much, given the level of coverage it has had in recent months.
Google Buys Zynamics
Founded in 2004, Zynamics builds reverse-engineering tools to provide security for applications as well as provide understanding of security updates, identifies free and open-source software (FOSS) code in binaries and identify flaws in closed-source software.
It already has a number of well-established security products, although where they will fit into Google’s applications is not entirely clear. Google isn’t helping either and hasn't indicated how much it paid or where it will all fit in. No doubt we’ll find out soon enough.
Reuters Upgrades AutoAudit
Meanwhile, Thomson Reuters GRC (news, site) has announced the availability of an upgraded version of its audit solution. AutoAudit version 5.5, the company says, will enable internal audit processes to better manage business risk.
The enhancements to AutoAudit include improved risk and control assessment functionality, integration with Microsoft Office productivity tools and a new user interface.
The release, Reuters says, was driven by user feedback and is designed to find relevant data in fewer clicks. The new version comes with graphical workspaces and panels that enable internal auditors to design a work environment to best fit their needs and providing access to critical reports and data.
If GRC and its uses still leaves you puzzled, a recent article by Norman Marks GRC, VP with SAP Business Objects, which we published recently, might shed some light on it and how it is being viewed by global companies and governments, especially in relation to corporate governance.
According to Marks, effective boards that are responsible for governance include a number of directors with a variety of experience and insights who contribute actively to the development of strategy. That enables them to contribute with penetrating questions to the identification, assessment and management of related risks.
One of his big complaints is the view that GRC includes only risk and compliance, ignoring the role of governance. Effective governance is critical to any organization, and can be the difference between success and failure. Interested in more?
BlueStar Offers Mobile e-Discovery Assessment
Litigation support services vendor BlueStar has launched EDD Toolkit, a free e-Discovery application (app) for smartphones. The app features a Cost Estimator, Time Estimator, Conversion Table and Glossary for common e-Discovery questions with regards to ESI (electronically stored information) processing, document review and production.
The EDD Toolkit e-Discovery app is a useful application for attorneys, paralegals, in-house counsel and litigation support staff who need answers about a particular e-Discovery project.
Currently available for iPhone and Android, Blackberry and Windows 7 versions are scheduled for release later this month.