Monday, September 22, 2008

McAfee to acquire network security provider Secure Computing

McAfee to acquire network security provider Secure Computing

By Sharon Fisher, BetaNews

September 22, 2008, 2:05 PM

In an attempt to give it a bigger presence in the enterprise network security market, McAfee announced today that it was acquiring Secure Computing Group for $465 million, or $5.75 per share plus $84 million for outstanding preferred stock.
Part of the attraction of Secure Computing is that it offers little overlap with existing McAfee Inc. products, said Vimal Solanki, vice president of worldwide solution marketing for the Santa Clara, Calif.-based company. Users can expect to see a suite product for network security similar to McAfee's Total Endpoint Security and Total Protection for Data, he said.

BetaNews McAfee to acquire network security provider Secure Computing

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