Feeds

McAfee ties up SafeBoot buy for $350m

Encryption plus anti-malware to counter data loss worries

5 things you didn’t know about cloud backup

McAfee has stumped up $350m to buy data encryption and access control vendor SafeBoot. The deal, announced Monday, allows McAfee to offer a broader range of end-point security products and services to its enterprise clients as well as offering enhanced mobile phone security products to handset manufacturers and telcos.

SafeBoot's Data Protection Suite enables users to encrypt individual files and folders as well as the entire local hard drive on a range of mobile devices, including laptops, smart phones, USB drives and PDAs.

The technology also enables users to encrypt file servers and provides protection so confidential files remain secure as they move throughout an organisation.

In a statement, McAfee said privately owned SafeBoot's technologies compliment its own anti-virus, management, and intrusion prevention product lines. McAfee is looking to use SafeBoot's technologies and marketing muscle to capitalise on the "highly under-penetrated" data protection market.

Both SafeBoot and McAfee are active in the mobile security arena. By combining the two product lines McAfee hopes to create a suite of integrated device protection and data security products.

The acquisition, subject to regulatory review, is expected to close in the fourth quarter of 2007.

"With the acquisition of SafeBoot, McAfee becomes a leader in the fast-growing $1bn encryption market and we will be able to offer a complete data protection solution that combines SafeBoot's device, full-disk and content encryption with McAfee's data loss prevention solutions," McAfee chief executive officer and president Dave DeWalt said. "This combination helps advance our Security Risk Management strategy and extend our leadership at the end-point." ®

Next gen security for virtualised datacentres

More from The Register

next story
Microsoft: We plan to CLEAN UP this here Windows Store town
Paid-for apps that provide free downloads? Really
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Hear ye, young cyber warriors of the realm: GCHQ wants you
Get involved, get a job and then never discuss work ever again
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
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.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.