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