McAfee to buy Secure Computing

Posted by   Virus Bulletin on   Sep 22, 2008

Acquisition deal valued at $465m.

McAfee has announced its official agreement to purchase network security firm Secure Computing Corp. in a deal worth a whopping $465 million.

The announcement comes a little less than two months since McAfee announced its intention to acquire data loss firm Reconnex in a deal worth $46 million.

The security vendor has revealed that it proposes to pay $5.75 per share in cash for the network security firm, or about $413 million, which represents a 27% premium on the value of Secure Computing's closing share price at the end of last week. Another $84 million will be added to the value of the deal as Secure Computing's preferred stocks are redeemed for cash.

The deal is expected to close in the fourth quarter of this year and, according to McAfee, is intended to help strenghten its position in risk management.

Posted on 22 September 2008 by Virus Bulletin

twitter.png
fb.png
linkedin.png
hackernews.png
reddit.png

 

Latest posts:

VBSpam tests to be executed under the AMTSO framework

VB is excited to announce that, starting from the Q3 test, all VBSpam tests of email security products will be executed under the AMTSO framework.

In memoriam: Prof. Ross Anderson

We were very sorry to learn of the passing of Professor Ross Anderson a few days ago.

In memoriam: Dr Alan Solomon

We were very sorry to learn of the passing of industry pioneer Dr Alan Solomon earlier this week.

New paper: Nexus Android banking botnet – compromising C&C panels and dissecting mobile AppInjects

In a new paper, researchers Aditya K Sood and Rohit Bansal provide details of a security vulnerability in the Nexus Android botnet C&C panel that was exploited in order to gather threat intelligence, and present a model of mobile AppInjects.

New paper: Collector-stealer: a Russian origin credential and information extractor

In a new paper, F5 researchers Aditya K Sood and Rohit Chaturvedi present a 360 analysis of Collector-stealer, a Russian-origin credential and information extractor.

We have placed cookies on your device in order to improve the functionality of this site, as outlined in our cookies policy. However, you may delete and block all cookies from this site and your use of the site will be unaffected. By continuing to browse this site, you are agreeing to Virus Bulletin's use of data as outlined in our privacy policy.