Mcafee, Inc. To Acquire Nitrosecurity – Advances Security Risk Management

<p class="bwalignc"><i><b><location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> to Align Core Security Information and Event Management Capabilities into its Security Connected Framework</b></i></p><p><location value="LU/us.ca.sanara" idsrc="xmltag.org">SANTA CLARA, Calif.</location>--(BUSINESS WIRE)-- <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> (NASDAQ:INTC) today announced a definitive agreement to acquire privately owned <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org>. <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> is a leading provider of security information and event management (SIEM) solutions that provide complete visibility and situational awareness to protect critical information and infrastructure.<b></b>Utilizing the industry's fastest analytical tools, <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> identifies, correlates and remediates threats in minutes instead of hours, allowing organizations to quickly mitigate risks. </p><p> Following the completion of this proposed acquisition, McAfee® expects that NitroSecurity’s technology, combined with its own security management capabilities, will give organizations greater visibility into their enterprise endpoint assets, underlying network infrastructure, specific security threats and risks and system vulnerabilities across their entire IT environment. Enterprise users can leverage this information via a single management console to more rapidly assess their enterprise and operational risk profile and security posture, analyze and institute a range of corrective actions, such as issuing new configurations, implementing new policies and deploying more recent software updates. </p><p> The proposed transaction will bring together best-in-class technologies: </p><ul><li class="bwlistitemmargb"> NitroSecurity’s leadership position in the SIEM market will help <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> significantly expand its Risk and Compliance and Global Threat Intelligence capabilities </li><li class="bwlistitemmargb"> NitroSecurity’s SIEM management, which has already passed integration testing with McAfee® ePolicy Orchestrator® (ePO™), gives customers a single security platform for event analysis and management across the enterprise. The integration expands the capability of the <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> ePO platform to view events, activity and logs created by networks, databases and applications. </li><li class="bwlistitemmargb"> The <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> ePO platform can leverage the extended SIEM capabilities to more rapidly institute a range of monitoring and mitigation actions, such as issuing new configurations, implementing new policies and deploying more recent software updates </li></ul><p> “McAfee is focused on keeping its customers safe with optimized security and risk management solutions,” said <person>Stuart McClure</person>, general manager and senior vice president of the Risk and Compliance business unit at <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location>. “McAfee has taken another significant step toward this goal with the proposed acquisition of <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org>. With NitroSecurity’s technology and talent, <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> can expand its reach into new markets, secure new platforms and strengthen its hold as the leader in the security risk management market.” </p><p><org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> was named a leader in the 2011Gartner Magic Quadrant for Security Information and Event Management. The SIEM market is a fast growing market. During 2010, the SIEM market grew from <money>$858M</money> to <money>$987M</money>, achieving a growth rate of 15 percent (Gartner Magic Quadrant for Security Information and Event Management, by <person>Mark Nicolett</person> and <person>Kelly Kavanagh</person>, <chron>May 12, 2011</chron>, RV4A105172012). </p><p> “As a long standing <org>McAfee Security Innovation Alliance</org> partner, we know that NitroSecurity’s technology can provide the <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> customer base with the highest level of security and compliance across their IT environment,” said <person>Ken Levine</person>, chairman and chief executive officer, <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org>. “NitroSecurity’s technology supports a broad range of information sources including network security devices, firewalls, operating system and application logs, vulnerability assessment scans, identity and access management systems and privacy systems. It will complement the extensive <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> security portfolio and help to meet the demanding compliance and protection needs of our joint customers.” </p><p> Subject to regulatory approvals and other customary closing conditions, we anticipate that the acquisition will close by the fourth quarter of 2011. Following the closing, we anticipate that the <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> team will be incorporated into the McAfee Risk and Compliance business unit, headed by McClure. </p><p> For additional information, please reference the acquisition landing page at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mcafee.com%2Fnitrosecurity&esheet=50016839&lan=en-US&anchor=www.mcafee.com%2Fnitrosecurity&index=1&md5=4ccb369a1d9636efb05c91557f668c92">www.mcafee.com/nitrosecurity</a> and the McAfee Security Insights Blog at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fblogs.mcafee.com&esheet=50016839&lan=en-US&anchor=http%3A%2F%2Fblogs.mcafee.com&index=2&md5=2918a48bba7014b3ec80db663582579a">http://blogs.mcafee.com</a>. </p><p><b>About <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org></b></p><p><org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> develops high-performance security information and event management (SIEM) solutions that protect critical information and infrastructure. <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> solutions reduce risk exposure and increase network and information availability by removing the scalability and performance limitations of security information management. Utilizing the industry's fastest analytical tools, <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> identifies correlates and remediates threats in minutes instead of hours, allowing organizations to quickly mitigate risks to their information and infrastructure. <org value="ACORN:4006991003" idsrc="xmltag.org">NitroSecurity</org> serves more than 500 organizations in the energy, healthcare, education, financial services, government, retail, hospitality and managed services industries. </p><p><b>About <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location></b></p><p><location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location>, a wholly owned subsidiary of <org value="NASDAQ-NMS:INTC" idsrc="xmltag.org">Intel Corporation</org> (NASDAQ:INTC), is the world's largest dedicated security technology company. <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> delivers proactive and proven solutions and services that help secure systems, networks, and mobile devices around the world, allowing users to safely connect to the Internet, browse and shop the Web more securely. Backed by its unrivaled Global Threat Intelligence, <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> is relentlessly focused on constantly finding new ways to keep our customers safe. <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mcafee.com&esheet=50016839&lan=en-US&anchor=http%3A%2F%2Fwww.mcafee.com&index=3&md5=fb31e355feb85a4d9362d2e9d5b1727c">http://www.mcafee.com</a></p><p> NOTE: <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location> and ePO, are registered trademarks or trademarks of <org value="ACORN:2130430063" idsrc="xmltag.org">McAfee, Inc.</org> or its subsidiaries in <location value="LC/us" idsrc="xmltag.org">the United States</location> and other countries. Other marks may be claimed as the property of others. The product plans, specifications and descriptions herein are provided for information only and subject to change without notice, and are provided without warranty of any kind, express or implied. </p><p></p><p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20111004005714r1&sid=acqr4&distro=nx" /><span class="bwct31415" /></p><p><location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location><br /><person>Tracy Ross</person>, 650-245-8466<br /><a href="mailto:[email protected]">[email protected]</a><br />or<br /><org>H30 Communications</org><br /><person>Ian Bain</person>, 415-618-8806<br /><a href="mailto:[email protected]">[email protected]</a></p><p class="bwalignr"></p><p>Source: <location value="LU/us.nj.mcafee" idsrc="xmltag.org">McAfee</location></p>