The Channel logo

News

By | John Leyden 22nd September 2008 15:20

McAfee snaps up Secure Computing

Playing with risk

McAfee is buying smaller IT security rival Secure Computing for $465m in cash.

Secure Computing is best known for its firewall and security appliances product lines but more recently it has been busy on the acquisition front, most recently with a deal to buy user control firm Securify for $20m earlier this month.

Prior to that Secure Computing bought messaging security appliance CipherTrust for $273.6m in July 2006.

According to McAfee, Secure Computing beef up its security risk management capabilities. It is paying $5.75 per share for Secure Computing, a 27 per cent premium on its closing price last week of $4.52.

The deal is expected to close by the end of the fourth quarter this year. ®

comment icon Read 7 comments on this article alert Send corrections

Opinion

Love

Chris Mellor

Tandberg and Sphere3D deals offer hope after 18 bad ones
Fraud image
Openstack log

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that