Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Applications
    • Applications
    • Cybersecurity
    • Networking

    McAfee to Buy SafeBoot for $350M

    By
    Brian Prince
    -
    October 8, 2007
    Share
    Facebook
    Twitter
    Linkedin

      McAfee took a big step into the encryption market Oct. 8 when the Santa Clara, Calif., security vendor announced plans to purchase SafeBoot B.V. for $350 million in cash.

      SafeBoot is an enterprise security software vendor heavily involved in the market for encryption and access control. In one swift stroke, McAfee officials said, they hope to make a mark in what they called the multibillion dollar, under-penetrated data protection market.

      “SafeBoots industry-leading mobile security solutions address a critical pain point for customers—the protection of confidential and proprietary information,” said Dave DeWalt, CEO of McAfee, in a statement.

      He added that with the acquisition of SafeBoot, McAfee becomes a leader in the fast-growing $1 billion encryption market and will be able to offer a complete data protection solution that combines SafeBoots device, full-disk and content encryption with McAfees data loss prevention solutions.

      “This combination helps advance our Security Risk Management strategy and extend our leadership at the end-point,” DeWalt said.

      To read about McAfee entering the data loss market, click here.

      McAfee expects to close the acquisition by the end of the fourth quarter. Following the closing, SafeBoot will be incorporated into the new Data Protection product business unit, which will be headed by current SafeBoot CEO Gerhard Watzinger. McAfee plans to integrate SafeBoots products into ePolicy Orchestrator.

      SafeBoot serves more than 4,200 customers, with about 47 percent in Europe, the Middle East and Asia, 29 percent in North America, and 23 percent in Asia Pacific, according to the company.

      The SafeBoot Data Protection Suite offers file and folder-based encryption as well as full-disk encryption for laptops, smart phones, USB drives and PDAs. It also enables users to encrypt file servers and provides protection to ensure that confidential files remain secure as they move throughout an organization.

      Check out eWEEK.coms Security Center for the latest security news, reviews and analysis. And for insights on security coverage around the Web, take a look at eWEEKs Security Watch blog.

      Brian Prince

      MOST POPULAR ARTICLES

      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×