Tripwire (company) explained

Tripwire (company) should not be confused with Tripwire Interactive.

Tripwire, Inc.
Type:Subsidiary
Owner:Fortra
Foundation:1997
Location:Block 300[1]
Portland, Oregon
United States
Revenue:US$86.2 million (2010)[2]
Net Income:$4 million (2010)
Num Employees:400 (2013)
Homepage:tripwire.com

Tripwire, Inc. is a software company based in Portland, Oregon,[3] that focuses on security and compliance automation. It is a subsidiary of technology company Fortra.

History

Tripwire's intrusion detection software was created in the 1990s by Purdue University graduate student Gene Kim[4] and his professor Gene Spafford.[5] [6] [7] [8] In 1997, Gene Kim co-founded Tripwire, Inc. with rights to the Tripwire name and technology, and produced a commercial version, Tripwire for Servers.

In 2000, Tripwire released Open Source Tripwire.[9] [10]

In 2005, the firm released Tripwire Enterprise, a product for configuration control by detecting, assessing, reporting and remediating file and configuration changes. In January 2010, it announced the release of Tripwire Log Center, a log and security information and event management (SIEM) software that stores, correlates and reports log and security event data. The two products can be integrated to enable correlation of change and event data. August 21, 2009, the firm acquired Activeworx technologies from CrossTec Corporation.

Revenues grew to $74 million in 2009.[11] In October 2009, the company had 261 employees;[12] that number grew to 336 by June 2010.[13]

By May–June 2010, the company had over 5,500 customers[13] and had announced that it had filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.[14] A year later, the company announced its sale to the private equity firm Thoma Bravo, ending its $86 million IPO plans.[15] CEO Jim Johnson cited the firm's failure to reach the $100 million revenue milestone in 2010 as well as changing IPO market expectations as reasons for not going through with the IPO.[16] The day following the acquisition, the company laid off about 50 of its 350 employees.[17]

Tripwire acquired nCircle, which focused on asset discovery and vulnerability management, in 2013.[18]

In December 2014, Belden announced plans to buy Tripwire for $710 million.[19] The acquisition was completed on January 2, 2015.[20] In February 2022, Belden announced to sell Tripwire to HelpSystems (HelpSystems was renamed Fortra later that year).[21]

Notes and References

  1. Web site: Contact Us. August 1, 2019.
  2. News: Tripwire boosts 2010 sales by 16% . May 25, 2011 . March 3, 2011. Portland Business Journal.
  3. News: Tripwire Signs Five-Year Lease With One Main Place in Downtown Portland . https://archive.today/20120909212610/http://www.reuters.com/article/pressRelease/idUS129797+08-Jul-2008+MW20080708 . dead . September 9, 2012 . Reuters . July 8, 2008 . May 25, 2011.
  4. Web site: An Exciting Day! Leaving Tripwire To Begin My Next Chapter In Life . July 27, 2010 . December 17, 2012.
  5. Book: Gene H. . Kim . Eugene H. . Spafford . Proceedings of the 2nd ACM Conference on Computer and communications security - CCS '94 . The design and implementation of tripwire: A file system integrity checker . ACM Press. 1994 . 18–29 . 10.1145/191177.191183 . 9780897917322 . 5027061 .
  6. Web site: Gene Spafford's Personal Pages: Spaf's Students, Past and Present . Purdue University . May 25, 2011.
  7. Web site: Gene H. . Kim . Eugene H. . Spafford . Experiences with Tripwire: Using Integrity Checkers for Intrusion Detection . Purdue Technical Report CSD-TR-94-012 . ACM Press . 1995.
  8. Web site: The 60 Minute Network Security Guide: First Steps Towards a Secure Network Environment . United States National Security Agency, Systems and Network Attack Center . 2006 . September 17, 2010 . December 6, 2010 . https://web.archive.org/web/20101206131217/http://www.nsa.gov/ia/_files/support/I33-011R-2006.pdf . dead .
  9. Web site: Open Source Tripwire . SourceForge . May 25, 2011.
  10. Paranoid penguin: intrusion detection for the masses . Linux Journal . Mick . Bauer . July 1, 2001 . January 14, 2024 . 2001 . 87 . https://web.archive.org/web/20240114155132/https://dl.acm.org/doi/fullHtml/10.5555/509446.509454 . January 14, 2024 . live.
  11. News: Tripwire reports 19 percent revenue growth. Rogoway. Mike. January 19, 2010. The Oregonian. January 20, 2010.
  12. News: Some tech companies fly high in down times . October 19, 2009 . Mike . Rogoway. The Oregonian. May 25, 2011.
  13. News: Tripwire Form S-1 Registration Statement . United States Securities and Exchange Commission. September 17, 2010.
  14. Web site: Tripwire Files Registration Statement for Proposed Initial Public Offering of Common Stock. Press Releases . Tripwire . May 28, 2010 . May 25, 2011.
  15. News: Ending IPO bid, Tripwire sold to private equity firm . May 11, 2011 . . May 25, 2011.
  16. News: Ending IPO bid, Tripwire sold to private equity firm . May 11, 2011 . . Erik . Siemers. May 25, 2011.
  17. News: Tripwire lays off about 50 following its sale. May 25, 2011. . Mike . Rogoway. June 1, 2011. Tripwire laid off about 50 employees Tuesday — nearly 15 percent of its total work force — a day after the Portland network security company completed its sale to a private equity firm. But the layoffs would have happened regardless of that deal, according to Rekha Shenoy, Tripwire's vice president of marketing. Instead, she said, the company is "rightsizing" its work force to bring its headcount in line with industry peers..
  18. News: Tripwire acquires nCircle to form new security giant . March 11, 2013 . Tom . Bradley. PC World. June 27, 2018.
  19. News: Belden to buy cybersecurity firm Tripwire for $710 million . Reuters . December 10, 2014.
  20. Web site: Chertoff Capital Serves As Exclusive Investment Banking Advisor to Tripwire in Sale to Belden for $710 Million. chertoffgroup.com.
  21. Web site: Rogoway . Mike . 2022-02-09 . Portland cybersecurity firm sells for $350m, half what it last sold for . 2024-05-21 . oregonlive . en.

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