Feeds

Secure Computing buys CipherTrust

Messaging security push gathers momentum

Build a business case: developing custom apps

Secure Computing has announced a deal to acquire CipherTrust, the messaging security firm, for $273.6m in cash and stock. The deal is expected to close in early September, subject to regulatory approval and customary closing conditions.

The deal allows Secure Computing to add CipherTrust's messaging security appliances to its existing range of universal threat management, identity management, and other security products and software.

Privately-held CipherTrust is a big wheel in the messaging security market, with approximately 20 per cent market share. Secure Computing expects CipherTrust to chip in between $15m to $20m in revenue in 2006, and approximately $80m in revenue next year.

Secure Computing's $273.6m purchase of CipherTrust is financed by $185m in cash, 10m shares of Secure Computing common stock, and a $10m seller note that's subject to certain performance obligations. After the deal is complete, CipherTrust shareholders will own 14 per cent of Secure Computing. The deal is being partially financed by a $115m loan and a $20m revolving credit facility from bankers Citigroup.

Last August, Secure Computing bought rival firewall/VPN appliance and web filtering firm Cyberguard for $295m in cash. ®

Endpoint data privacy in the cloud is easier than you think

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
'Things' on the Internet-of-things have 25 vulnerabilities apiece
Leaking sprinklers, overheated thermostats and picked locks all online
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Multipath TCP speeds up the internet so much that security breaks
Black Hat research says proposed protocol will bork network probes, flummox firewalls
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
Microsoft's Euro cloud darkens: US FEDS can dig into foreign servers
They're not emails, they're business records, says court
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?