Feeds

McAfee ties up SafeBoot buy for $350m

Encryption plus anti-malware to counter data loss worries

Internet Security Threat Report 2014

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." ®

Internet Security Threat Report 2014

More from The Register

next story
George Clooney, WikiLeaks' lawyer wife hand out burner phones to wedding guests
Day 4: 'News'-papers STILL rammed with Clooney nuptials
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.