McAfee to Acquire Network Security Vendor Secure Computing
McAfee is looking to beef up its network security portfolio with the acquisition of Secure Computing. McAfee officials say the move will allow McAfee to deliver network security offerings that span detection, filtering, encryption, blocking, archiving, reporting and compliance.McAfee plans to acquire network security vendor Secure Computing for roughly $465 million. According to McAfee, the move is meant to strengthen its network security portfolio with Secure Computing's firewall, intrusion prevention, and Web and e-mail security tools.
"Today's announcement of this pending acquisition is a natural extension of McAfee's security-only focus," Dave DeWalt, CEO and president of McAfee, said in a statement. "We expect the pending combination of McAfee and Secure Computing will create an annual projected combined revenue of just under $500 million in the network security segment of our SRM (security risk management) portfolio."