Computer security company McAfee has agreed to buy out Secure Computing for 413 million dollars in a merger that is expected to create one of the largest network security vendors offering a complete network security solution to businesses both big and small.
Secure Computing is a provider of network security that delivers solutions that help customers protect their critical Web, email and network assets.
Santa Clara, California based McAfee, said the acquisition will allow it to deliver a complete network security portfolio encompassing intrusion prevention, firewall, Web security, email security and data protection, network access control, filtering, encryption, blocking, archiving, reporting and compliance.
“Today’s announcement…is a natural extension of McAfee’s security-only focus,” said Dave DeWalt, chief executive officer and president of McAfee.
“…We believe that this pending acquisition will allow us to immediately establish a leading and highly competitive position in the network security space.”
McAfee also said that the merger will allow it extend its reach by tapping into Secure Computing’s more than 22,000 customers in 106 countries.
“I believe the combination of the two companies will allow us to reap the benefits of a worldwide dedicated sales team three times our size, best-in-class security research, greater partner distribution and enhanced cross-selling opportunities,” said Dan Ryan, president and chief executive officer, Secure Computing.
“Combined, we believe we will become a leader in the network security space.”
Upon completion, Secure Computing’s technologies will be incorporated under McAfee’s Network Security product business unit, headed by Dan Ryan. |
