McAfee to acquire MX Logic

MUMBAI, INDIA: McAfee, Inc. today announced that it has entered into a definitive agreement to acquire privately owned MX Logic, Inc. for approximately $140 million in cash at closing, with an earn-out of up to an additional $30 million in cash if certain performance targets are met. 

MX Logic is a leading global provider of cloud-based email and Web security and email archiving and continuity services. Adding MX Logic’s technologies and services will provide McAfee with the most comprehensive cloud-based security portfolio in the industry, one that combines leading global threat intelligence technologies from McAfee with its Security-as-a-Service solutions:

Global Threat Intelligence

·         McAfee Artemis protects more than 33 million nodes through real-time cloud-based intelligence

·         McAfee TrustedSource analyzes data from more than 100 billion messages per month

·         McAfee SiteAdvisor provides consumers with a safer search, surf, and online shopping experience by serving 1.9 billion ratings every day

Security-as-a-Service

·         McAfee Total Protection Service, endpoint protection via Security-as-a-Service, protects more than five million users with centralized management in the cloud

·         McAfee Vulnerability Assessment, Web application and network vulnerability assessments via Security-as-a-Service, provides real-time validation against industry standards including Payment Card Industry Data Security Standard

·         McAfee SECURE helps keep consumers safe from cybercrime by scanning more than 80,000 merchant Web sites daily and serving more than 126 billion impressions since 2008. Additionally, McAfee vulnerability scanning services protects more than 250,000 Web sites.

·         MX Logic protects 40,000 customers with more than four million end users with email and Web security and email archiving and continuity services

·         More than 1800 MX Logic channel partners provide a strong Security SaaS partner ecosystem to cross sell McAfee Security SaaS solutions and develop co-branded and bundled offerings

·         MX Logic data centers in Asia Pacific, EMEA, Japan and the United States protect a geographically dispersed customer base with the capacity to expand into new customer segments and global markets

“The acquisition of MX Logic will reinforce our position as a leader in Security-as-a-Service, and brings world-class email and Web defense, including archiving and business continuity services, extending our proven expertise in providing cloud-based services to our customers,” said Dave DeWalt, president and chief executive officer, McAfee. “MX Logic aligns with the McAfee vision to lead Security SaaS by bringing industry-leading technologies and a strong partner ecosystem.”

Following the closing of the proposed acquisition, the MX Logic team will report to the McAfee Software-as-a-Service business unit, headed by Marc Olesen, senior vice president and general manager.

The acquisition is expected to close in the third quarter of 2009.