McAfee buys rival firm to boost services
MX Logic third acquisition this year.
By Ellen Messmer, Network World (US) | Network World US | Published: 09:20, 31 July 2009
McAfee is to acquire email and security vendor MX Logic in a bid to improve its security as a service offering.
Dave DeWalt, president and CEO of McAfee, said the deal would bring McAfee "world-class e-mail and web defence, including archiving and business continuity services, extending our proven expertise in providing cloud-based services to our customers."
By coincidence, McAfee and MX Logic both published periodic threat reports this week each detailing how spam has hit all-time highs.
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The acquisition, worth about $140 million in cash is McAfee's third this year. In May, McAfee bought Solidcore Systems for its whitelisting technology and in February it bought Endeavor Security, a privately-held maker of IPS/IDS technology.