Feeds

McAfee gobbles up MX Logic for cloud security push

Splashes out again with SAAS-y purchase

Build a business case: developing custom apps

McAfee has agreed to buy email and filtering services firm MX Logic for $140m in cash, followed by a further $30m, providing performance targets are met.

The deal - announced Thursday - is designed to bolster McAfee's existing 'security as a service' portfolio. MX Logic's filtering, email archiving and continuity services will be integrated with McAfee's threat intelligence technologies. MX Logic has 40,000 customers and four million end users.

McAfee's existing cloud-based security portfolio includes anti-malware scanning and vulnerability assessment services, among other items. Alongside Panda and Trend Micro, the firm is among the most aggressive players in the security market in talking up the benefits of cloud-based architectures, in responding to the increased volume of malware variants vendors face every day.

The acquisition, which is subject to regulatory approval and other customary closing conditions, in expected to close in Q3 2009. McAfee expects the acquisition of MX Logic to break even or better in 2010.

The MX Logic deal is the latest in a string of purchases by McAfee, which has opened up its cheque book even more frequently than before the economic downturn.

McAfee also announced its Q2 financial results on Thursday. For the second quarter ending June 30, McAfee recorded revenues of $469m, an increase of 18 per cent from the same quarter last year. However, Q2 09 net income fell to $28.7m, compared with $47.8m in Q2 08 as a result of increased charges and adverse currency fluctuations. ®

The essential guide to IT transformation

More from The Register

next story
Rupert Murdoch says Google is worse than the NSA
Mr Burns vs. The Chocolate Factory, round three!
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Know what Ferguson city needs right now? It's not Anonymous doxing random people
U-turn on vow to identify killer cop after fingering wrong bloke
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
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
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
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.