California-based McAfee, a security technology company, signed an agreement to acquire Solidcore for approximately $33m, to step in to embedded device market.
McAfee, through the acquisition of Solidcore, expands market by protecting broad set of new devices. Solidcore provides dynamic whitelisting technology that is used to protect against vulnerable or malicious applications and ensures that only pre-authorised software and code can run on servers, endpoints, fixed function devices and mobile devices.
The acquisition is expected to close in the second quarter of 2009. Following the acquisition, Solidcore team will be incorporated into the McAfee Risk and Compliance business unit. McAfee expects to couple dynamic whitelisting and compliance enforcement technology with McAfee compliance mapping and policy auditing to deliver a compliance solution. The McAfee ePolicy Orchestrator (ePO) console helps customers by centralised management and reporting of the integrated technologies.
McAfee, through Solidcore, can expand its reach to security for automated teller machines (ATMs), point of sale (POS) systems, multifunction printers (MFPs), Supervisory Control and Data Acquisition (SCADA) systems, mobile and other embedded devices. Solidcore’s continuous File Integrity Monitoring (FIM) for Payment Card Industry (PCI) compliance will provide McAfee with a model for enforcing compliance across small and large businesses.
Solidcore currently protects approximately 200,000 endpoints from malware and unauthorised changes with patented whitelisting software. The software includes systems, such as ATMs, POS systems, process control devices, mobile devices, servers and workstations.
Dave DeWalt, president and chief executive officer of McAfee, said: “Solidcore’s industry-leading compliance and protection solutions will extend the current McAfee security portfolio beyond signature-based anti-malware with the addition of dynamic whitelisting and application trust technology. Combined with leading McAfee antivirus, antispyware, host intrusion prevention, policy auditing and firewall technologies, we will help customers more easily mitigate the risks associated with vulnerable or malicious applications downloaded by employees.”