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McAfee to acquire Reconnex

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McAfee has announced a definitive agreement to acquire privately owned
Reconnex for $46-million in cash.

Reconnex is a leading data loss prevention (DLP) company with unique
technology that learns and adapts to automate the ongoing protection of
data.
"Data protection is the number one concern of chief information security
officer's, but today's DLP solutions take too long to deploy and obtain
results," says Dave DeWalt, chief executive officer and president of McAfee.
"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.
We expect that this will enable us to leapfrog other data protection vendors
and to reinforce our position as the largest dedicated security company."
Reconnex's technology helps an organization protect all the information
assets on its network without requiring upfront knowledge of what needs to
be protected, regardless of how that information is stored, secured or
communicated. Through the pending acquisition of Reconnex, McAfee expects to
further enhance its leadership position in proactive security and risk
management solutions.
"The growing number of high-profile incidents in which customer records,
confidential information and intellectual property were leaked (or
lost/stolen) has created an explosive demand for solutions that protect
against the deliberate or inadvertent release of sensitive information,"
says Brian Burke, security research analyst at IDC.
"This acquisition creates a great opportunity for McAfee to fulfill a
critical need in this space. IDC forecasts worldwide revenue for the
information protection and
control (IPC) market to grow from $765 million in 2006 to $3.2 billion in
2011, representing a 33% compound annual growth rate. Reconnex's
gateway-based technology perfectly compliments McAfee's existing host based
data protection solution and will position McAfee securely in this space."
Reconnex's products align with McAfee's vision to provide a complete data
protection and compliance solution to its customers, meeting the significant
demand for adaptive data protection.  With more than 60-million nodes
managed by McAfee ePolicy Orchestrator, McAfee can bring automated,
centrally managed and adaptive protection to its existing customer base and
further help users enhance the value of their current investments.