Feeds

McAfee ties up SafeBoot buy for $350m

Encryption plus anti-malware to counter data loss worries

Seven Steps to Software Security

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." ®

Mobile application security vulnerability report

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
NEW, SINISTER web tracking tech fingerprints your computer by making it draw
Have you been on YouPorn lately, perhaps? White House website?
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Black Hat anti-Tor talk smashed by lawyers' wrecking ball
Unmasking hidden users is too hot for Carnegie-Mellon
Attackers raid SWISS BANKS with DNS and malware bombs
'Retefe' trojan uses clever spin on old attacks to grant total control of bank accounts
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.