Secure Computing sold to McAfee

Secure Computing is to be bought by McAfee for around $413 million. Through the pending acquisition of Secure Computing, McAfee expects to strengthen its position in security risk management (SRM).

Secure Computing delivers a set of solutions that help customers protect their critical Web, email and network assets. With the pending addition of Secure Computing’s products and services, McAfee expects to be able to deliver the industry’s most complete network security portfolio (covering intrusion prevention, firewall, Web security, email security and data protection, network access control), from small and mid to the world’s largest organizations.

"Today’s announcement of this pending acquisition is a natural extension of McAfee’s security-only focus," said Dave DeWalt, chief executive officer and president of McAfee. "We expect the pending combination of McAfee and Secure Computing will create an annual projected combined revenue of just under $500 million in the network security segment of our SRM portfolio. We believe that this pending acquisition will allow us to immediately establish a leading and highly competitive position in the network security space."