McAfee, Inc. announced that it has entered into a definitive agreement to acquire privately owned MX Logic, Inc. for approximately $140 million in cash at closing, with an earn-out of up to an additional $30 million in cash if certain performance targets are met. MX Logic is a global provider of cloud-based email and Web security and email archiving and continuity services. The acquisition of MX Logic ought to provide McAfee with the industry’s most comprehensive cloud-based security portfolio (Security-as-a-Service, SaaS) and adds more than 40,000 Customers, four million end users and 1,800 partners.
“The acquisition of MX Logic will reinforce our position as a leader in Security-as-a-Service, and brings world-class email and Web defense, including archiving and business continuity services, extending our proven expertise in providing cloud-based services to our customers”, said Dave DeWalt, president and CEO, McAfee.
Following completion of the proposed acquisition McAfee ought to offer the most comprehensive and dedicated security portfolio in the market with the broadest set of delivery options including appliances, software, in the cloud or hybrid deployments. Businesses in all market segments will be able to flexibly purchase solutions as standalone offerings or to mix and match these deployment choices to meet their exact needs.
John Street, chairman and CEO, MX Logic: “We will now be even better equipped to help our customers address the complex challenges associated with blocking spam, phishing scams, viruses in the cloud, and enforcing email policies to prevent sensitive data leaks.”
SaaS facts of McAfee and MX Logic
- McAfee Artemis protects more than 33 million nodes through real-time cloud-based intelligence
- McAfee TrustedSource analyzes data from more than 100 billion messages per month
- McAfee SiteAdvisor provides a safer search, surf, and online shopping experience by serving 1.9 billion ratings every day
- McAfee Total Protection Service (endpoint protection via SaaS) protects more than five million users with centralized management in the cloud
- McAfee Vulnerability Assessment (Web application and network vulnerability assessments via SaaS) provides real-time validation against industry standards including Payment Card Industry Data Security Standard
- McAfee SECURE helps keep consumers safe from cybercrime by scanning more than 80,000 merchant Web sites daily and serving more than 126 billion impressions since 2008
- McAfee vulnerability scanning services protects more than 250,000 Web sites
- MX Logic protects 40,000 customers with more than four million end users with email and Web security and email archiving and continuity services
- More than 1,800 MX Logic channel partners provide a strong SaaS partner ecosystem to cross sell McAfee Security SaaS solutions and develop co-branded and bundled offerings
- MX Logic data centers in Asia Pacific, EMEA, Japan and the United States protect a geographically dispersed customer base with the capacity to expand into new customer segments and global markets
Following the acquisition the MX Logic team will report to the McAfee SaaS business unit, headed by Marc Olesen, senior vice president and general manager. The acquisition is expected to close in the third quarter of 2009, contingent upon regulatory approval and other customary closing conditions. (Source: McAfee, Inc. & MX Logic, Inc./GST)