2009-08-02 19:01:55.0
McAfee is acquiring cloud-based security software provider MX Logic for up to USD170m. The purchase consolidates McAfee's move into the Software-as-a-Service (SaaS) security market. Senior VP and general manager Marc Olesen claims the acquisition will provide McAfee with "the most comprehensive SaaS portfolio in the industry".
MX Logic is an email and web security startup with around 40,000 customers. It has raised about USD34m in funding to date, and the company is valued at USD25m.
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