Internet and computer security specialist McAfee Inc. has this week confirmed that it has reached a definitive acquisition agreement with privately owned Reconnex, a leading player in the field of data loss protection (DLP).
McAfee secures DLP specialist Reconnex for $46 million USD. Image: Reconnex/McAfee.
More pointedly, McAfee will hand over a total of $46 million USD in cash to secure the purchase of Reconnex, which will see the Santa Clara-based security vendor securing unique DLP technology that learns and adapts to automate the ongoing protection of data.
“With the pending acquisition of Reconnex, McAfee expects to redefine the entire data protection market by bringing together a leader in the hottest segment with our comprehensive portfolio of data protection technologies,” enthused Dave DeWalt, CEO and president of McAfee, who also noted that today’s DLP solutions take too long to deploy and obtain results.
“We expect that this [purchase] will enable us to leapfrog other data protection vendors and to reinforce our position as the largest dedicated security company,” he added.
The technology utilised by Reconnex’s supports organisations in implementing protection for all the information assets located on their networks without requiring upfront knowledge of what needs to be protected, regardless of how that information is stored, secured or communicated.
Analyst reaction to the imminent capture of Reconnex suggests that McAfee is positioning itself perfectly to fulfil critical need in a space that has seen a number of high-profile incidents in which customer records, confidential information and intellectual property was leaked, lost or stolen.
According to Brian Burke, security research analyst at IT market research unit IDC, such instances have “created an explosive demand for solutions that protect against the deliberate or inadvertent release of sensitive information.”
IDC’s forecasts suggest worldwide revenue for the information protection and control (IPC) market will grow from $765 million USD in 2006 to $3.2 billion USD in 2011, which equates to a 33 percent compound annual growth rate.
McAfee’s acquisition of Reconnex is expected to close in the third quarter of 2008.
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