McAfee to buy Foundstone

Posted by   Virus Bulletin on   Aug 16, 2004

McAfee splashes out on vulnerability management.

McAfee, Inc. has announced its impending acquisition of Foundstone, Inc., manufacturer of vulnerability management software, for $86 million in cash.

The AV vendor, which recently rebranded, and sold off its network and application performance management business, will add Foundstone's line of vulnerability management software to its catalogue of security products.

Foundstone's customer base boasts more than 400 large enterprise customers and many high profile government agencies, including its latest new customer, the US Department of Justice. McAfee will begin to sell the Foundstone line of products as soon as the acquisition is complete, with plans subsequently to combine Foundstone's vulnerability assessment and management technology with its own intrusion prevention technology.

Industry analyst IDC predicts that the vulnerability assessment and management (VA&M) and intrusion detection market will experience increasing growth over the next few years, reaching $1.6 billion by 2008.

The acquisition is expected to complete in the next 60 days.

Posted on 16 August 2004 by Virus Bulletin

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