Secure Computing is to acquire messaging security company CipherTrust for around $273m (£156m), as it continues to expand its security solutions portfolio.
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Secure Computing bought CyberGuard in 2005. Secure Computing chief executive officer John McNulty said, “Over the past few months, we have made excellent progress with the integration of CyberGuard. We believe the time is right to continue investing in enterprise gateway security, which is experiencing strong growth.”
But the company also posted a sales warning at the same time as announcing the CipherTrust acquisition.
Secure Computing now expects sales for the second quarter to be around $38.5m to $39m, which is less than the $43m to $45m it had previously projected.
The CipherTrust deal is expected to be completed by 8 September, said Secure Computing.
CipherTrust chief executive officer Jay Chaudhry will become chief strategy officer of the expanded company once the deal goes through.
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