Tag: market
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Symantec buys key pair of encryption firms
PGP and GuardianEdge snapped up in surprise dual acquisition. Symantec has announced the acquisition of two separate firms specialising in encryption and email security. The deals were completed in cash with PGP , a renowned specialist in public key cryptography, costing $300 million and GuardianEdge , which also provides encryption and data loss prevention solutions,…
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Sophos bought up by investment firm
APAX Partners acquires major stake in $830 million company. Sophos has announced that a majority share of the company will be sold to major private investment firm APAX Partners , in a deal which rates Sophos ‘s value at $830 million. APAX Partners has its fingers in a wide range of pies, including numerous telecoms…
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Fortinet announces IPO
Gateway specialist releases share price projections. Security firm Fortinet has announced its floatation on the Nasdaq stock market, the first IT security company to launch an IPO so since late 2007. The initial public offering will consist of shares valued at $156 million, due to begin trading under ticker symbol ‘FTNT’ today. The announcement of…
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McAfee to acquire Solidcore
Whitelisting firm to be assimilated by security giant. McAfee has announced the acquisition of whitelisting firm Solidcore in a deal reported to be worth a base rate of $33 million, with an additional $14 million on the table if sales targets are reached. Solidcore , a privately owned firm founded in 2003 and based in…
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AVG acquires Sana Security
Behavioural experts added to growing portfolio. AVG has announced the acquisition of behaviour-blocking firm Sana Security , adding another level to its fast-expanding security solution empire. California-based Sana ‘s technologies focus on monitoring the behaviour of software for anomalous or dangerous activity, providing a means of blocking zero-day malicious attacks beyond signature and heuristic scanning.…
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Security dominates software sales charts
AV, IS and anti-spyware products represent nine of last month’s top 20 bestsellers. Sales of security products remain very strong despite economic conditions, according to market research organisation NPD , whose sales figures for September show nine of the top 20 selling products were security-related. The rest of the chart is made up of games…
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McAfee to buy Secure Computing
Acquisition deal valued at $465m. McAfee has announced its official agreement to purchase network security firm Secure Computing Corp. in a deal worth a whopping $465 million. The announcement comes a little less than two months since McAfee announced its intention to acquire data loss firm Reconnex in a deal worth $46 million. The security…
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Symantec to acquire PC Tools
Industry giant adds spyware specialist to growing portfolio. Security industry behemoth Symantec has announced the planned acquisition of PC Tools , the Australia-based company behind Spyware Doctor and a range of security, privacy and system-cleaning products. Symantec plans to close the deal by the end of the year, keeping PC Tools as a separate unit…
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McAfee buys data loss firm Reconnex
$46 million acquisition announced as strong profit report released. McAfee has announced its official agreement to purchase privately owned data loss prevention firm Reconnex , in a deal worth $46 million. The move should strengthen McAfee ‘s position in the field, where the firm already has several solutions available. Reconnex specialises in appliance-based DLP solutions,…