HomeSecurity McAfee to Pay $465 Million for Secure Computing
Bull’s Eye Awards
Nominations Open for Channel Insider 2009 Bull’s Eye Awards
Nominations are now open for the Channel Insider 2009 Bull’s Eye Awards, which recognize excellence in customer service, technology prowess, business acumen, channel leadership, communications and community building, and innovation among vendors, solution providers, distributors and channel services companies.
McAfee Inc. says it plans to acquire Secure Computing Corp. for $465 million in cash. McAfee is the number two security software provider in the market behind Symantec. The acquisition will give McAfee a suite of software, services and hardware products to protect against hackers from getting past the perimeters of computer networks.
BOSTON (Reuters) - McAfee Inc (MFE.N), the world's No. 2 security software maker, said on Monday it plans to buy Internet security company Secure Computing Corp (SCUR.O) for $465 million in cash.
The move gives McAfee a suite of software, services and hardware products to protect hackers from getting past the perimeters of computer networks.
Resource Library:
McAfee is already the No. 2 provider of anti-virus software. Symantec Corp (SYMC.O) is the largest.
Santa Clara, California-based McAfee will pay $5.75 per share of Secure Computing's common stock, representing a 27 percent premium to the San Jose, California company's closing price of $4.52 on Friday.
Secure Computing shares were quoted at $5.59 in pre-market trade.
The companies expect the transaction to close at the end of the fourth quarter of this year.
Build A More Efficient Data Center
Demands are growing but budgets are not. Solve your pressing IT issues using the resources you already have. Determine which technologies can help you drive efficiencies and how they are applied. Gain a quick ROI on new initiatives Find out how
Easily Monitor Virtual, Physical, and Cloud based assets, applications and services from a unified Dashboard with up.time. Deep Monitoring across platforms and best-of-breed reporting. Over 700 enterprise customers in 32 countries. Read Article
(Sponsor)
(Sponsor)
(Sponsor)
