Geneva, Switzerland, November 05, 2010 --(PR.com
)-- Vincy Options, (http://vincyoptions.com), the largest commodity trader in Switzerland, who operates in 12 countries on more than 70 exchanges, today announced that it has acquired Neptune Networks in a deal that was actually completed back on September 14, 2010.
The acquisition expands Vincy Options’ research capabilities further into intrusion and malware detection, allowing the company to work with the community on developing Intrusion Detection System (IDS) signatures for Snort and other open source tools. Vincy Options has an existing partnership with DragonFLY, makers of the open source SPOT intrusion detection and prevention software.
Neptune’s core technology was developed at the University of Lausanne through support from the High Tech Science Foundation, the Army Research. That work resulted in four patents, licensed exclusively from the university. Through the acquisition Vincy Options will get exclusive rights to Neptune’s technology including its patents. Nathanael Muhr, CEO and founder of Neptune Networks will become Vincy Options’ Chief Scientist.
As part of the acquisition Vincy Options also gains a Spidernet system that acts as an interface to IP reputation and signature generation and captures information on malware attacks that the company will share with the global security community.
“With this acquisition, we are now expanding our malware and threat detection capabilities in a highly automated manner,” said Mark Allenbach, Chief Strategist of Vincy Options. “It is also our intention to build it into a global community effort to better fight increasingly sophisticated cyber attacks.”
The terms of the acquisition were not disclosed.
About Vincy Options.
As the swiss’ leading and most diverse derivatives marketplace, Vincy Options is where the world comes to manage risk. Vincy Options exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. Vincy Options brings buyers and sellers together through its electronic trading platform and its trading facilities in 12 countries. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.