Security merger gets RedSiren noticed

Thursday, 20 June 2002, 2:50 AM EST

The deal, the terms of which remain undisclosed, fused two minor rivals into a competitor in a market expected to grow to some $2.6 billion by 2006, according to market researcher IDC.

"There is a consolidation happening in the marketplace right now," IDC analyst Allan Carey said, pointing out that this is RedSiren's fourth acquisition in the past year. Other purchases include SRI's network-services think tank, AtomicTangerine, and Kansas-based network management company Secure Network Group.

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