Market consolidation

Mergers in the anti-spam market.

Anti-spam and messaging security company

CipherTrust

announced last month that it is to be acquired by

Secure Computing

.

CipherTrust

– which currently has an approximately 20% market share in the messaging security market – will be purchased by

Secure Computing

for a total of $273.6m in cash and stock. At the close of the deal

CipherTrust

shareholders will own 14% of

Secure Computing

. The purchase agreement will enable

Secure Computing

to add

CipherTrust

‘s messaging security appliances to its range of security products. Combined assets of the merged companies are estimated to exceed 18,000 enterprise customers with 1,700 resellers in 106 countries.

The deal is expected to close in early September.

Posted on 01 August 2006 by

Virus Bulletin