Embarcadero Technologies, Inc., a leading provider of strategic data management solutions, announced that it has completed the acquisition of SHC Ambeo Acquisition Corp. ("Ambeo") a privately held leader in database auditing and activity monitoring. Ambeo is being acquired to enable Embarcadero to lay the foundation for a new generation of data security solutions and to accelerate its initiative to deliver a comprehensive set of strategic data management solutions (SDM) for enterprise data management professionals."Data security plays a vital role in protecting the privacy of sensitive information, detecting and preventing fraud, and ensuring regulatory compliance," said Stephen Wong, chairman, president, and CEO of Embarcadero Technologies. "With heightened sensitivity to data and identity theft, data security represents a discipline of increasing importance to corporate data management professionals. Ambeo is a proven leader in the growing market for data security solutions and will provide Embarcadero with security technology and expertise that we can leverage across our data and database management solutions."
Under the terms of the definitive agreement signed on October 13, 2005, Embarcadero paid a total cash consideration of $6.15 million.
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