Feeds

McAfee ties up SafeBoot buy for $350m

Encryption plus anti-malware to counter data loss worries

Providing a secure and efficient Helpdesk

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." ®

New hybrid storage solutions

More from The Register

next story
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Google recommends pronounceable passwords
Super Chrome goes into battle with Mr Mxyzptlk
Reddit wipes clean leaked celeb nudie pics, tells users to zip it
Now we've had all THAT TRAFFIC, we 'deplore' this theft
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
TorrentLocker unpicked: Crypto coding shocker defeats extortionists
Lousy XOR opens door into which victims can shove a foot
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
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.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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 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.