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."
The acquisition is also aimed at extending McAfee's position as far as
security SAAS (software as a service), as Secure Computing just launched its
Secure Web Protection Service a few months ago. Ironically, Secure Computing
moved to make an acquisition of its own earlier in September when it announced
its intent to purchase Securify.
The proposed acquisition is subject to regulatory
approvals and Secure Computing stockholder approval, and is expected to close
in the latter part of the fourth quarter of 2008. After the closing, Secure
Computing's technologies will be incorporated under McAfee's Network Security
product business unit, which will be headed by Secure Computing CEO
Dan Ryan.
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