Secure Computing completes CipherTrust acquisition


Secure Computing completes CipherTrust acquisition

Antony Savvas

Secure Computing has completed its acquisition of secure messaging solutions company CipherTrust.

Secure Computing will add CipherTrust’s portfolio to its data gateway security product and services offering.

In addition to protecting corporate network infrastructures, the expanded company’s solutions will now offer companies protection against malicious in-bound attacks such as spam, viruses or other malware; as well as helping to prevent data leaks and ensuring regulatory compliance.

Secure Computing now has more than 18,000 customers and 1,800 resellers in 106 countries.

The acquisition cost Secure Computing $185m (£102m) in cash and 10 million shares. Another $10m may be paid out if targets are met.

Jay Chaudhry, former chief executive officer of CipherTrust, has joined Secure Computing’s board of directors as vice chairman, and is serving as the company’s chief strategy officer.

Other senior CipherTrust staff have also joined Secure Computing.

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