View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
September 22, 2008

McAfee makes $465m bid for Secure Computing

McAfee is acquiring Secure Computing, creating a powerhouse in the network security space in a deal worth $465m.

By Janine Milne

Secure Computing is a key player in the network security arena, behind brands such as the Sidewinder firewall appliance and Webwasher web traffic filter. The acquisition will add network security strength to the existing McAfee portfolio with anticipated yearly sales of $500m, together with Secure Computing’s product strength in firewall, email and web security.

“So it means that the number one or two in network security meets our number one or two in intrusion protection,” said Dave DeWalt, CEO and president of McAfee. “This is a strategic deal that fills our product suite.”

According to de Walt, the match is also financially strong as well as strategically rock solid.

Secure Computing has 22,000 customers compared to McAfee’s 100,000, but only a small minority of those are in the network security space, creating a huge opportunity for cross and upselling between the customer bases.

“As the market consolidates we could continue to grow at 20-30% but we could never grow to be a major player, but then this deal came up – we have great sales team and distribution but not the reach of McAfee and we’re not such a recognised brand. Joining with McAfee and building a whole suite is a huge opportunity for our people,” said Dan Ryan, CEO of Secure Computing

The deal is expected to close in the fourth quarter, subject to approval from stockholders and regulators.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.