McAfee Completes Acquisition Of Secure Computing

McAfee has completed the acquisition of Secure Computing Corporation for $5.75 per common share in cash, representing an equity value for Secure Computing’s common stock of approximately $418 million in the aggregate. In addition, Secure Computing’s outstanding shares of preferred stock were redeemed for an aggregate of approximately $85 million in cash. In total, net of cash held by Secure Computing, the transaction is valued at approximately $462 million.

As previously announced, Dan Ryan, president and chief executive officer of Secure Computing, will lead McAfee’s network security product business unit and will report directly to Dave DeWalt, chief executive officer and president.

“McAfee’s goal is to provide intelligent security that protects from every angle, including the endpoint, the network and all points in between,” said DeWalt. “McAfee’s experience in end-point security and network intrusion prevention, coupled with Secure Computing’s experience in Web and e-mail security, make McAfee uniquely positioned to address today’s tough security challenges.”

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To simplify security operations, McAfee plans to enhance its network and endpoint solution offerings to deliver effective security management through McAfee ePolicy Orchestrator. In addition, McAfee plans to utilise Secure Computing’s TrustedSource technology to expand intelligent ‘in-the-cloud’ security services for an additional layer of defense.