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Secure Computing to Acquire Securify

By Optrics on Wednesday, September 3rd, 2008 | No Comments

Innovative User-Access Monitoring and Control Solution Combined With Secure Firewall Positions Company to Drive Next-Generation Firewall Market

SAN JOSE, CA, Sep 03, 2008 (MARKET WIRE via COMTEX News Network) — Secure Computing Corporation (NASDAQ: SCUR), a leading enterprise gateway security company, today announced it has signed a definitive agreement to acquire [tag]Securify[/tag], a provider of identity-based monitoring solutions, for approximately $15 million plus an earn-out of up to $5 million. The purchase price is payable in cash or, at [tag]Secure Computing[/tag]‘s election, partially in shares of Secure Computing common stock. The acquisition is expected to close in the fourth calendar quarter of 2008, subject to certain closing conditions.

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