AmbironTrustWave, a leading provider of data security and compliance management solutions, has acquired ReddShell Corporation. The deal is closed effective immediately and the terms are private.
Established in 2003, ReddShell provides risk management and data security solutions that help companies and organizations secure business information in support of compliance with a variety of regulatory and industry requirements including Sarbanes-Oxley (SOX), Gramm-Leach-Bliley (GLBA), Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS) among others.
As a result of the acquisition, operations of ReddShell will be completely integrated into AmbironTrustWaveâs operations including the integration of ReddShellâs ReddSECURE technology into the TrustKeeperÂ® platform.
AmbironTrustWave will continue to offer the Regulatory Compliance Management (RCM) application that enables organizations to consolidate the tracking and management of multiple regulatory requirements through a single interface, drastically reducing cost and time spent addressing compliance initiatives. RCM includes four basic features:
- Framework Management: RCM allows organizations to utilize predefined published frameworks for all regulatory and industry standards such as SOX, HIPAA, GLBA, PCI DSS and ISO 17799 as well as manipulate or add custom frameworks. RCM also establishes relationships between different regulations and controls to efficiently manage the collection of information.
- Project Management: RCM establishes the organizational hierarchy of business units, departments and third party vendors that all contribute to a companyâs compliance and assigns accountability for each area of the particular regulatory requirements.
- Data Flow: Collection of design requirements, testing procedures, test results and approvals from responsible parties that sign off on the controls in RCM allows organizations to view all the regulatory initiatives currently in process.
- Integration: Through integrations with TrustKeeper and AmbironTrustWaveâs help desk, RCM can decrease the amount of time spent collecting the necessary information required by each regulation.
"We are excited at the prospect of being served by the combined company, which will have more resources and expertise to help us meet our data security and regulatory compliance needs,â said Joseph Findanque III, President of Star Contact, SRL, a subsidiary of NCO Group. Star Contact is Central America's leading provider of outsourced, multi-lingual contact center and customer care services.
âAcquiring RedShell enhances our technological capability to serve the growing demand for managing multiple compliance requirements among our customers,â said Robert J. McCullen, CEO of AmbironTrustWave. âThis acquisition is in keeping with our effort to build a global solutions provider that can provide companies throughout the world with access to real-time compliance data for their own business.â
James Paul, President of ReddShell, who will remain with the company as vice president, said âThe acquisition of ReddShell enables AmbironTrustWave to continue to be a leader in providing solutions to organizations with multiple compliance requirements. Equally important is that our legacy customer base will be well served by the wide range of AmbironTrustWave solutions including firewall, IDS/IPS, secure e-mail and network monitoring.â