Feeds

McAfee gobbles up MX Logic for cloud security push

Splashes out again with SAAS-y purchase

5 things you didn’t know about cloud backup

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
One HUNDRED FAMOUS LADIES exposed NUDE online
Celebrity women victimised as Apple iCloud accounts reportedly popped
Rubbish WPS config sees WiFi router keys popped in seconds
Another day, another way in to your home router
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
NZ Justice Minister scalped as hacker leaks emails
Grab your popcorn: Subterfuge and slur disrupts election run up
HP: NORKS' cyber spying efforts actually a credible cyberthreat
'Sophisticated' spies, DIY tech and a TROLL ARMY – report
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
New Snowden leak: How NSA shared 850-billion-plus metadata records
'Federated search' spaffed info all over Five Eyes chums
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.