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

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon