McAfee boosts security product line with acquisition

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McAfee boosts security product line with acquisition

Tash Shifrin

Anti-virus software firm McAfee has acquired information security company Onigma in a $20m (£10.7m) deal that will help it offer a more comprehensive enterprise protection package.

Onigma produces software to manage and prevent the loss of confidential data. Its acquisition comes as McAfee announced that it would be adding a compliance management function to its anti-virus and spam protection portfolio.

McAfee has been assembling a comprehensive enterprise security package with a spate of recent acquisitions. The firm snapped up patch-management provider Citadel Security Software earlier this month, following the June acquisition of Preventsys.

New versions of McAfee’s ePolicy Orchestrator are expected to include a compliance function, while Onigma’s technology will be integrated into a new McAfee Data Loss Prevention product.

McAfee has also undergone a major board-level shake-up, with Dale Fuller appointed interim chief executive and Charles Robel named as chair following the retirement of George Samenuk, who previously held both positions.

Fuller will also become company president, in the wake of the sacking of former president Kevin Weiss after an internal investigation into the granting of stock options. The company is expected to restate 10 years of its accounts to record up to $150m in charges as a result of the investigation’s findings.

 


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