SafeBoot acquired for $350 million.
McAfee
has announced the acquisition of encryption and device control specialist
SafeBoot
, which produces a range of security products for PCs and mobile devices. The privately-owned firm was bought in a cash deal worth $350 million.
SafeBoot
is a well-established company, set up in 1991, with a global customer base. Its product range includes device access control, encryption and authentication solutions for email and network filesharing, as well as disk- and file-based encryption for desktops, laptops, PDA and other mobile devices. The Netherlands-based company boasts five million licensed users from over 4,200 corporate customers, and was recently ranked among the leaders in the Mobile Data Protection field by analyst firm
Gartner
.
McAfee
plans to integrate
SafeBoot
‘s technology into its catch-all security management control system,
ePolicy Orchestrator
(EPO). A full press release on the acquisition is carried on
SafeBoot
‘s website
here
, with further comment in a blog entry from
McAfee
CEO David DeWalt
here
.
Posted on 09 October 2007 by
Virus Bulletin
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