McAfee, Inc. Completes Acquisition of Secure Computing

McAfee, Inc. has announced that it has completed the acquisition of Secure Computing Corporation (NASDAQ:SCUR - News) 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 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. In addition, McAfee plans to utilize Secure Computing's TrustedSource technology to expand intelligent "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 rely upon McAfee as a single source for complete security.

Details of the Secure products acquired by Mcafee are set out below.

Data Protection

Prevent accidental and malicious loss of confidential data

McAfeeŽ Data Protection is the most complete solution for securing devices and data-anywhere, anytime-using strong encryption, authentication and policy-driven security controls. Advanced reporting capabilities help meet tough privacy mandates, ensure "Safe Harbor" protection, and demonstrate compliance.

McAfee Encrypted USB (formerly SafeBoot for USB)
Protect data stored on removable USB devices Rely on powerful encryption and strong access controls to ensure only authorized users can read data stored on USB drives. More...

McAfee Data Loss Prevention
Prevent accidental and malicious loss of confidential data Monitor and control how employees use and transfer business data through all channels-in the office, at home, and on the move. More...

McAfee Total Protection for Data
Protect your most sensitive data with end-to-end security Get strong encryption, data loss prevention, authentication, and policy-driven security controls to protect your critical data 24/7. More...

McAfee Endpoint Encryption (formerly SafeBoot Encryption)
Prevent data loss using powerful encryption and strong access control Gain powerful encryption and strong access control to prevent unauthorized access to sensitive data and render it useless in the event of loss or theft. More...

McAfee Device Control
Regulate the use of removable media on your network Monitor and restrict data copied to removable storage devices and media to keep it from leaving company control. More...

McAfee Port Control (formerly SafeBoot Port Control)
Govern the use of removable devices connected to your PCs Protect your data assets with strong access control, so that only authorized individuals can connect only approved devices to your endpoints. More...

Previous Secure Computing Products

Products

	Web Gateway Security Webwasher - More... Secure Web (Webwasher) provides immediate protection for user-initiated Web traffic against threats such as malware hidden in blended content or hidden in encrypted SSL traffic. Smartfilter - More... Secure Web SmartFilter now incorporates global intelligence from the company's industry-leading reputation system, TrustedSource. Like a credit agency provides credit scores to enable reliable commerce, TrustedSource provides reputation scores for URLs, domains and IPs that are based on security risk.
	Messaging Gateway Security IronMail - More... IronMail Appliances - More... Secure Mail (IronMail) is a line of purpose-built, hardened appliances designed for threat protection, policy enforcement and data encryption. Edge - More... Secure Mail Edge sits at the network perimeter and can instantly drop unwanted emails and messages at very high rates of speed before they hit the email servers. Secure Mail Edge uses TrustedSource, Secure Computing's best-in-class reputation system, to allow orreject email before it even reaches your critical mail servers.
	Network Gateway Security Sidewinder - More.... Secure Firewall (Sidewinder) appliances are next-generation firewalls that provide application visibility and control beyond UTM for multi-layer security and the highest network performance. CommandCentre - More... Secure Firewall CommandCenter provides a central interface for easy management of ten, fifty or literally hundreds of Secure Firewall (Sidewinder) appliances. Maximize operational efficiency, simplify policy control, prove regulatory compliance, and relax with the security that comes only from Secure Firewall(Sidewinder). Security Reporter - More... Secure Firewall Reporter is an award-winning enterprise security event management (SEM) reporting solution for Secure Computing Secure Firewall appliances. SnapGear - More... Secure SnapGear is the one multifunction network security appliance every small and medium sized business needs.