McAfee to Acquire Network Security Company
McAfee to Acquire Network Security Company
Posted 09/24/2008 at 8:06am
| by Paul Lilly
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Believe it or not, there are security options out there other than AVG. McAfee, being one of them (surely you've run across McAfee on an OEM rig or two), announced plans to acquire network security vendor Secure Computing for around $465 million. The move, according to McAfee, is intended to beef up the company's network security portfolio.
"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."
Before the acquisition can go through, it must first pass regulatory approvals and get the green light from Secure Computing's stockholders, all of which is expected to be finalized by the end of the year.
Image Credit: McAfee
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Tekzel
September 24, 2008 at 2:35pm
When i read the bit about "McAfee being a security option". You guys crack me right up sometimes with the cute and funny things you say.
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