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

Merlin Data Center Interior

Trevor Pott

Enterprises want them, but they're still a pain in the ASCII
WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire