Secure Computing acquired by McAfee for $462 million

By Lisa Kerner

Charlotte, N.C., Nov. 19 - McAfee, Inc. completed its acquisition of Secure Computing Corp. that was first announced in September.

The transaction is valued at a total of approximately $462 million, it was reported in a form 8-K filed with the Securities and Exchange Commission.

McAfee agreed to acquire Secure Computing for $5.75 per share, with Secure Computing's outstanding shares of convertible preferred stock redeemed for cash for an additional $84 million, it was previously reported.

Secure Computing's technologies will be incorporated under McAfee's network security product business unit and will be led by Secure Computing president and chief executive officer Dan Ryan, a prior news release said.

McAfee is a security technology company located in Santa Clara, Calif.

Secure Computing is a San Jose, Calif., provider of enterprise gateway security solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.