BROOMFIELD, Colo., July 1, 2015 /PRNewswire/ -- Global
telecommunications provider Level 3 Communications, Inc.
(NYSE: LVLT), announced it acquired privately held Black Lotus, a
provider of global Distributed Denial of Service (DDoS) mitigation
services. The acquisition of Black Lotus represents another step in
Level 3's continued commitment to provide leading security product
capabilities. Level 3 noted the increase in frequency, volume and
complexity of DDoS attacks in a recent research report,
Safeguarding the Internet: Level 3 Botnet Research Report,
substantiating the need to invest in the DDoS market.
New DDoS Capabilities
The acquisition of Black Lotus
will add additional capabilities to Level 3's existing DDoS
service, which launched earlier in the year, including adding extra
scrubbing centers. The Level 3 DDoS Mitigation service provides an
enhanced network-based detection and mitigation scrubbing solution
alongside network routing, rate limiting and IP filtering
abilities. Black Lotus adds proxy-based DDoS mitigation services to
the portfolio providing additional capabilities for application
layer attacks, along with advanced behavioral analytics technology.
The application layer is a prime target for DDoS attacks that often
impact Web servers and Web hosting providers.
Quote
"At Level 3, we value security and are
committed to protecting our customers and our network," said
Chris Richter, senior vice president
of managed security services at Level 3. "Black Lotus' proxy and
behavioral technologies, combined with their experienced team of
DDoS experts, perfectly complements Level 3's DDoS mitigation and
threat intelligence capabilities. With this acquisition, Level 3
continues its commitment of investing in a comprehensive portfolio
of services that enhance the growth, efficiency and security of our
customers' operations, helping enterprises combat the cybersecurity
challenges they face every day."
Transaction Details
Level 3 acquired the outstanding
equity of Black Lotus in an all-cash transaction on July 1, 2015. Terms of the transaction were not
disclosed.
About Level 3 Communications
Level 3 Communications,
Inc. (NYSE: LVLT) is a Fortune 500 company that provides local,
national and global communications services to enterprise,
government and carrier customers. Level 3's comprehensive portfolio
of secure, managed solutions includes fiber and infrastructure
solutions; IP-based voice and data communications; wide-area
Ethernet services; video and content distribution; data center and
cloud-based solutions. Level 3 serves customers in more than 500
markets in over 60 countries across a global services platform
anchored by owned fiber networks on three continents and connected
by extensive undersea facilities. For more information, please
visit www.level3.com or get to know us on Twitter, Facebook and
LinkedIn.
© Level 3 Communications, LLC. All Rights Reserved. Level 3,
Level 3 Communications, Level (3) and the Level 3 Logo are either
registered service marks or service marks of Level 3
Communications, LLC and/or one of its Affiliates in the United States and elsewhere. Any other
service names, product names, company names or logos included
herein are the trademarks or service marks of their respective
owners. Level 3 services are provided by subsidiaries of Level 3
Communications, Inc.
Forward-Looking Statement
Some statements
made in this press release are forward-looking in nature and are
based on management's current expectations or beliefs. These
forward-looking statements are not a guarantee of performance and
are subject to a number of uncertainties and other factors, many of
which are outside Level 3's control, which could cause actual
events to differ materially from those expressed or implied by the
statements. Important factors that could prevent Level 3 from
achieving its stated goals include, but are not limited to, the
company's ability to: successfully integrate the tw telecom
acquisition; manage risks associated with continued uncertainty in
the global economy; increase revenue from its services to realize
its targets for financial and operating performance; maintain and
increase traffic on its network; develop and maintain effective
business support systems; manage system and network failures or
disruptions; avert the breach of its network and computer system
security measures; develop new services that meet customer demands
and generate acceptable margins; manage the future expansion or
adaptation of its network to remain competitive; defend
intellectual property and proprietary rights; manage continued or
accelerated decreases in market pricing for communications
services; obtain capacity for its network from other providers and
interconnect its network with other networks on favorable terms;
attract and retain qualified management and other personnel;
successfully integrate future acquisitions; effectively manage
political, legal, regulatory, foreign currency and other risks it
is exposed to due to its substantial international operations;
mitigate its exposure to contingent liabilities; and meet all of
the terms and conditions of its debt obligations. Additional
information concerning these and other important factors can be
found within Level 3's filings with the Securities and Exchange
Commission. Statements in this press release should be evaluated in
light of these important factors. Level 3 is under no obligation
to, and expressly disclaims any such obligation to, update or alter
its forward-looking statements, whether as a result of new
information, future events, or otherwise.
Contact Information
Media:
|
Investors:
|
Ashley
Pritchard
|
Mark
Stoutenberg
|
+
720-888-5950
|
+1
720-888-2518
|
ashley.pritchard@level3.com
|
mark.stoutenberg@level3.com
|
Logo - http://photos.prnewswire.com/prnh/20140908/144115
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/level-3-acquires-ddos-mitigation-company-black-lotus-300107737.html
SOURCE Level 3 Communications, Inc.