Feeds

McAfee erects Citadel

Security compliance play

Intelligent flash storage arrays

McAfee has agreed to buy a majority stake in security policy compliance firm Citadel Security in a deal valued at $60m. The deal is designed to bolster McAfee's capabilities in the area of policy enforcement and vulnerability remediation.

The deal will allow McAfee to compete more effectively with competitors such as Symantec, which has also made acquisitions in the area of security risk management, in attempts to build sales of kit designed to help large companies to comply with increasingly stringent corporate governance legislation. Citadel's software also helps to reduce security exposure. McAfee plans to offer the technology alongside its existing ePolicy Orchestrator security management platform.

According to a statement, McAfee's agreement to acquire "substantially all" the assets of Citadel Security will set it back approximately $56m in cash, plus an estimated $4m in working capital reimbursement. The transaction is expected to close in the fourth quarter of 2006, subject to customary closing conditions including Citadel share holder approval. McAfee plans to discuss what the acquisition will do to its bottom line after announcing its Q3 2006 earnings on 26 October. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.