Feeds

Secure Computing buys CipherTrust

Messaging security push gathers momentum

Beginner's guide to SSL certificates

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. ®

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'
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
Hackers thrash Bash Shellshock bug: World races to cover hole
Update your gear now to avoid early attacks hitting the web
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
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.