McAfee, Inc. have today announced that they will be buying out the privately held Foundstone, Inc., a leader in vulnerability management, for $86 million in cash.
McAfee are already well known for their virus software, with products such as VirusScan Enterprise and McAfee Netshield used by millions of customers worldwide. Foundstone provide a variety of software, appliances, consulting services and education to help protect their customers from critical threats.
George Samenuk, chairman and chief executive officer of McAfee, Inc., said the following about the buyout:
Chief information security officers need a comprehensive view of where their risks are and business executives need to understand how those risks can translate into business impact. Foundstone enables both. By combining Foundstone with McAfee's leading intrusion prevention technology, we will offer proven solutions that deliver the best return on security investment available in managing business risk from attacks.
McAfee are saying that they expect the transaction to be closed within the next 60 days. They are also committed to supporting all of Foundstone's existing customer base, which is in the region of 400 large enterprise customers. McAfee's stock price is currently at 18.00, up 2.92% from this morning when the announcement was made.
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