McAfee Acquires SafeBoot

SANTA CLARA, Calif. and NAPLES, Fla. -- McAfee, Inc. (NYSE:MFE) today announced a definitive agreement to acquire privately owned SafeBoot B.V. for $350 million in cash. SafeBoot is an enterprise security software vendor that is a leader in the rapidly growing market for data protection via encryption and access control.

SafeBoot delivers enterprise-class encryption and leads the mobile security market with its fully integrated end-point security and content encryption solutions. Adding SafeBoot's technologies and products will extend McAfee's Security Risk Management vision, and position McAfee as the leading security vendor to offer data loss prevention and encryption at the end-point with scalable centralized management.

The rationale for the transaction is as follows:

"SafeBoot's industry-leading mobile security solutions address a critical pain point for customers - the protection of confidential and proprietary information," said Dave DeWalt chief executive officer and president of McAfee. "With the acquisition of SafeBoot, McAfee becomes a leader in the fast-growing $1 billion encryption market and we will be able to offer a complete data protection solution that combines SafeBoot's device, full-disk and content encryption with McAfee's data loss prevention solutions. This combination helps advance our Security Risk Management strategy and extend our leadership at the end-point."

McAfee Inc. (NYSE: MFE)