McAfee pays $350 million for Safeboot

GUNNING FOR THE ENTERPRISE segment often means shelling out loads of money for privately-owned companies that "came out of nowhere" and then start to dominate the market.

In case of SafeBoot B.V., this privatel company had such a position in the enterprise market that McAfee had no choice but to shell out nice sum of cash for the company.

McAfee claims it has over 100 million computers under management by McAfee tools, and sees a huge opportunity in owning encryption company such as SafeBoot.

Enterprises could certainly do with jumping on the encryption bandwagon. After all, the amount of laptops that get lost during just one year is mind-boggling.

Barely a month passes without news that some dilbert has lost a notebook containing a database with private data of several million folk.

The transaction is set to close during Q4'07. µ

L'INQs
McAfee
SafeBoot