McAfee to acquire Secure Computing
29 September 2008
Internet security firm McAfee is set to acquire Secure Computing.
In a move which will see information security jobs saved at the network vendor, McAfee has announced it has agreed to purchase the firm for $465 million (£258 million).
The two companies have competed in the same markets and it is expected that Secure Computing with extend its rivals range of firewall products and other IT security products.
Dave DeWalt, chief executive and president of McAfee, said the acquisition will give the firm a "leading and highly competitive position" in the information security sector.
"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 [security and risk management] portfolio," he added.
A study by security firm SecureWorks has found that the US and China are the top two countries in the world for botnet attacks.
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