McAfee agrees to buy security vendor MX Logic for $140 million to bolster its software-as-a-service business. The deal follows McAfee’s recent announcement that it will be looking to expand its SAAS footprint among enterprises.
McAfee announced July 30 that it has agreed to purchase security vendor MX Logic for $140 million to help build out its software-as-a-service business.
MX Logic specializes in cloud-based e-mail and Web security, an area McAfee—as well as its chief rival, Symantec—has shown interest in. Less than two weeks ago, on July 20, McAfee announced a major push into SAAS with the release of its Total Protection 5.0 service.