WEST PALM BEACH (HEDGECO.NET) – Citadel Security Software Inc, said that Satellite Asset Management has signed on to its new trading software, Hercules. The system employs automated vulnerabilityremediation (AVR) technology, �to ensure the security of financial transactions, proprietary information and confidential investor data�. The new software according to its developers, �areproactively remediated against software defects, misconfigurations, policy compliance issues, unsecured passwords, backdoors and unnecessary services such as Telnet�.
Paul Ernst, technology and communications manager for Satellite said, �Privacy and network performance are critical to sustaining our success; at a hedge fund of Satellite’s size, multi-million dollar transactions are commonplace and we depend upon live market data feeds from Bloomberg, Reuters and the stock exchanges to make the fast and intelligent investment decisions on which our clients rely. Citadel’s Hercules ensures the network stability we need to conduct rapid business, while providing trusted security of our intellectual and financial assets.� according to Ernest.
Edward Krupa, vice president of sales for Citadel, in his statement said, “Their discovery that Hercules’ capabilities were beyond competitive patch management tools and that the product offered full life cycle vulnerability management made their choice easy. Their selection of Hercules speaks to the product’s unique strengths and capabilities above the competition.”
Satellite Asset Management, L.P. is an asset management firm based in New York City. Satellite employs over 60 people and has assets under management of approximately $5.4 billion. Citadel Security Software Inc., is one of the leaders in full life cycle vulnerability management solutions, according to company statements.
Paul Oranika
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