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(WEB HOST INDUSTRY REVIEW) -- Security technology firm McAfee (www.mcafee.com) announced on Wednesday it has completed the acquisition of Secure Computing (www.securecomputing.com) for $5.75 per common share in cash, for a total value of $418 million.
The deal was first revealed in September, when McAfee announced it had entered a definitive merger agreement to acquire network security firm Secure Computing.
This marks the second acquisition for McAfee in four months, having acquired data loss prevention company Reconnex for $46 million cash in August.
Secure Computing's outstanding shares of preferred stock were redeemed for about $85 million in cash, which amounts to a total net of cash of approximately $462 million.
As previously announced, Dan Ryan, president and CEO of Secure Computing, will lead McAfee's Network Security product business unit and will report directly to Dave DeWalt, CEO 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," says DeWalt. "McAfee's leadership position in end-point security and network intrusion prevention, coupled with Secure Computing's leadership position in web and email security, make McAfee uniquely positioned to address its customer's toughest security challenges. Our users will be able to consolidate their defenses with some of the most robust technologies on the market today."
To simplify security operations, McAfee plans to enhance its network and endpoint solution offerings to deliver powerful security management through McAfee ePolicy Orchestrator.
McAfee also plans to use Secure Computing's Trusted Source technology to expand "in-the-cloud" security services for an additional layer of defense.
Secure Computing has more than 22,000 customers in 106 countries that will be able to use McAfee's complete security solution.
McAfee says it anticipates bookings for Secure Computing to be $30 to $40 million following the acquisition for the period ending December 31, 2008.
Last month, McAfee hired 20-year industry veteran Brian Foster as its senior vice president of worldwide product management to oversee the company's global product management functions.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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