Feeds

McAfee erects Citadel

Security compliance play

Build a business case: developing custom apps

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. ®

The essential guide to IT transformation

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

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.
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.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
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.
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?