Business & Finance
News
7/12/2004
04:19 PM
Connect Directly
RSS
E-Mail
50%
50%

CyberGuard Makes Offer For Secure Computing

The acquisition, valued at just under $300 million, would be CyberGuard's fourth in about a year.

Network security vendor CyberGuard Corp. said Monday it has made an offer to acquire Secure Computing Corp.

The acquisition will be a one-for-one stock exchange based on the companies' July 9 closing stock price, CyberGuard said in a statement. According to the statement, the swap would represent a 22% premium for each Secure Computing share. The deal will be valued at just under $300 million.

Secure Computing manufactures a line of high-end firewall information-security appliances and authentication and Web-filtering products.

The acquisition would be CyberGuard's fourth in about a year. Last year, CyberGaurd acquired NetOctave, a maker of security chips and VPN accelerator hardware, and SnapGear, which made embedded Linux and VPN/firewall appliances. Most recently, CyberGuard acquired PC security vendor Webwasher Software, most known for its Windows-based content security software.

Secure Computing provides numerous information security applications, including identity-management and authentication software and hardware, firewalls, and VPN gateways.

Comment  | 
Print  | 
More Insights
IT's Reputation: What the Data Says
IT's Reputation: What the Data Says
InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest September 24, 2014
Start improving branch office support by tapping public and private cloud resources to boost performance, increase worker productivity, and cut costs.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.