At http://www.pehub.com/40115/solidcore-sells-to-mcafee/
Solidcore Systems Inc., a Palo Alto, Calif.-based provider of IT control solutions, has sold to McAfee Inc. for $33 million in cash with a $14 million earn out. Solidcore has received $46 million in funding through four rounds of funding from the likes of Jafco Ventures, Matrix Partners, Menlo Ventures, and Sevin Rosen Funds.
Press release:
On May 15, McAfee, Inc (NYSE: MFE) announced a definitive agreement to acquire privately owned Solidcore Systems, Inc. Founded in 2003, Solidcore is a leader in protecting critical IT infrastructure from devices to the data center. Organizations worldwide trust Solidcore to detect and prevent unwanted change as a way to improve IT compliance, security, and availability. Solidcore easily automates PCI controls and is a pioneer in dynamic whitelisting technology for locking down critical systems and preventing unauthorized change events.
“Solidcore’s industry-leading compliance and protection solutions will extend the current McAfee® security portfolio beyond signature-based anti-malware with the addition of dynamic whitelisting and application trust technology. Combined with leading McAfee antivirus, antispyware, host intrusion prevention, policy auditing and firewall technologies, we will help customers more easily mitigate the risks associated with vulnerable or malicious applications downloaded by employees. Through this acquisition, we believe McAfee can expand its reach into new markets, secure new platforms and strengthen its hold as the leader in the $6 billion endpoint security market.”
—Dave DeWalt, president and chief executive officer, McAfee, Inc.
Solidcore offers innovative application whitelisting technology
Solidcore is a leading provider of dynamic whitelisting technology that helps enterprises control which applications are installed on a computer, resulting in improved IT compliance, security, and availability. Solidcore’s single solution for endpoint security—which provides options for file integrity monitoring, whitelisting, and runtime control—is a growing favorite among IT and security professionals that want protection beyond the Payment Card Industry Data Security Standard (PCI DSS). Solidcore has been deployed to protect more than 200,000 endpoints in more than 40 countries at more than 100 financial institutions and across more than 15,000 retail stores.
McAfee strengthens its compliance solutions with real-time enforcement
Solidcore’s dynamic whitelisting protects against vulnerable or malicious applications and ensures that only pre-authorized software and code can run on servers, endpoints, fixed function devices, and mobile devices. Through this acquisition, McAfee will couple Solidcore’s dynamic whitelisting and compliance enforcement technology with McAfee compliance mapping and policy auditing, delivering the industry’s first end-to-end compliance solution.
McAfee will now offer customers continuous management of the compliance lifecycle (auditing, reporting, remediation, and now enforcement), resulting in reduced costs and faster time to compliance. Customers will also benefit from centralized management and reporting of the integrated technologies through the McAfee ePolicy Orchestrator® (ePO™) console.
“Today’s complex threat landscape and evolving compliance standards require customers to go beyond a reactive, ‘check-the-box’ model for security and deploy preventive security that incorporates dynamic whitelisting. The integration of Solidcore with McAfee will provide customers with the highest level of system integrity and security across their physical and virtual environments, and allow customers to more quickly and easily meet the today’s demanding compliance requirements.”
—Anne Bonaparte, president and chief executive officer, Solidcore Systems, Inc.
Following the closing, Solidcore’s technology will be incorporated into the McAfee Governance, Risk, and Compliance business unit, headed by George Kurtz, senior vice president and general manager.
The acquisition is expected to close in the second quarter of 2009 pending regulatory reviews.
Could be a protection of invesments...
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