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McAfee Acquires SafeBoot
SafeBoot acquisition allows McAfee to offer the industry's most complete data protection solution
October 9, 2007
2 Min Read
SANTA CLARA, Calif. and NAPLES, Fla. -- McAfee, Inc. (NYSE:MFE) today announced a definitive agreement to acquire privately owned SafeBoot B.V. for $350 million in cash. SafeBoot is an enterprise security software vendor that is a leader in the rapidly growing market for data protection via encryption and access control.
SafeBoot delivers enterprise-class encryption and leads the mobile security market with its fully integrated end-point security and content encryption solutions. Adding SafeBoot's technologies and products will extend McAfee's Security Risk Management vision, and position McAfee as the leading security vendor to offer data loss prevention and encryption at the end-point with scalable centralized management.
The rationale for the transaction is as follows:
With the acquisition of SafeBoot, McAfee becomes the leader in amulti-billion data protection market that is highly under-penetrated
McAfee has more than 100 million desktops under management andbelieves SafeBoot offers a strong complement to its existing offerings
SafeBoot's end-point encryption franchise coupled with McAfee's DataLoss Prevention and ePolicyOrchestrator management capability creates a compelling, industry-leading data protection solution
McAfee, with its worldwide distribution network, expects to leverageSafeBoot's highly acclaimed product line which is currently offered in over 20 languages and in 76 countries
Encryption addresses all three of McAfee's market segments from theenterprise of one to the enterprise of thousands
Finally, SafeBoot's mobile phone offerings will help accelerateMcAfee's current mobile solutions by allowing McAfee to offer a new comprehensive suite of integrated device protection and data security.
"SafeBoot's industry-leading mobile security solutions address a critical pain point for customers - the protection of confidential and proprietary information," said Dave DeWalt chief executive officer and president of McAfee. "With the acquisition of SafeBoot, McAfee becomes a leader in the fast-growing $1 billion encryption market and we will be able to offer a complete data protection solution that combines SafeBoot's device, full-disk and content encryption with McAfee's data loss prevention solutions. This combination helps advance our Security Risk Management strategy and extend our leadership at the end-point."
McAfee Inc. (NYSE: MFE)
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