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.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
2017 State of IT ReportIn today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.