WASHINGTON ( 2008-09-22 23:59:32 ) :McAfee the second-largest US maker of security software, announced on Monday that it was buying California-based Secure Computing Corp. for 465 million dollars.
McAfee, whose headquarters are in Santa Clara, California, said the purchase of the San Jose-based Secure Computing would make it one of the largest network security vendors in the world.
McAfee offered 5.75 dollars a share for Secure Computing, whose stock soared more than 20 percent on news of the deal and was trading at 5.58 dollars at midday. McAfee was trading at 36.74 dollars, down 1.53 percent.
Dave DeWalt, chief executive and president of McAfee, described the purchase of Secure Computing as a "natural extension of McAfee's security-only focus.
"We believe that this pending acquisition will allow us to immediately establish a leading and highly competitive position in the network security space," he said.
McAfee is the second-largest US maker of security software after Symantec Inc.
Secure Computing provides protection solutions for Web, email and network assets and has more than 22,000 customers in 106 countries.
Copyright AFP (Agence France-Presse), 2008
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