Inside Internet Filtering

On Monday, September 22nd 2008, McAfee and Secure Computing announced they had signed a definitive merger agreement.  While the deal still needs to obtain the blessing of Secure Computing’s stockholders, it is anticipated that it won’t be a problem.

Secure computing has over 22,000 customers in 160 countries and is the number 1 player in the web security appliance market and the number 2 player in the message security appliance market.  The combination will create one of the largest security companies in the world.

The all cash deal is estimated at about $465 Million and expected to close around the end of Q408.  Through significant cost and revenue synergy, McAfee expects to break even on the investment in 2009, with full cost synergies being realized through 2010 and 2011.