Feeds

Secure Computing snaffles Cyberguard

Bride becomes bridegroom

Providing a secure and efficient Helpdesk

Secure Computing has announced plans to acquire rival security firm CyberGuard in a cash and stock transaction valued at approximately $295m. The deal allows Secure Computing to expand its portfolio to include CyberGuard's all-in-one security appliance and web filtering products as well as expanding its market footprint. The combined firm will include 680 employees, more than 17,000 customers and 1,000 resellers in over 90 countries. Bulking up allow Secure Computing to compete effectively with larger rivals such as Symantec and Cisco.

Secure Computing and CyberGuard both have similar product portfolios, focusing on content security and the firewall/VPN appliance markets. But CyberGuard has a wider array of low-end products and a presence in the fast-moving Unified Threat Management market that Secure covets. Some product consolidation, particular in the enterprise firewall segment occupied by kit from both companies, is likely.

A year ago Cyberguard tried to buy Secure Computing but its overtures were rebuffed. Now Secure Computing has become the suitor in a deal that marks further consolidation in the fast-moving information security marketplace. Secure Computing's plans to expand its presence in the market are being partially financed by a $70m investment from private equity investor Warburg Pincus in the form of convertible preferred stock with warrants. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.