McAfee To Acquire MX Logic

McAfee has entered into a definitive agreement to acquire privately-owned MX Logic for approximately $140 million in cash at closing, with an earn-out of up to an additional $30 million in cash if certain performance targets are met. MX Logic is a provider of cloud-based e-mail and Web security and e-mail archiving and continuity services. Adding MX Logic’s technologies and services will provide McAfee with a comprehensive cloud-based security portfolio, one that combines global threat intelligence technologies from McAfee with its Security-as-a-Service solutions.

Following completion of the proposed acquisition, McAfee will offer a comprehensive and dedicated security portfolio in the market with a broad set of delivery options including appliances, software, in the cloud or hybrid deployments. This approach will give businesses in all market segments the flexibility to purchase these solutions as stand-alone offerings or to mix and match these deployment choices to meet their exact needs.

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“We view McAfee as a dedicated security company and a pioneer in Security-as-a-Service,” said John Street, chairman and chief executive officer, MX Logic. “We will now be even better equipped to help our customers address the complex challenges associated with blocking spam, phishing scams, viruses in the cloud, and enforcing e-mail policies to prevent sensitive data leaks.”