McAfee to acquire Secure Computing for $465 million

California based company McAfee has made a deal to acquire ‘Secure Computing’ for an amount of $465 million in cash. This deal will put them ahead of Symantec inc in terms of  enterprise network security. McAfee will be paying $5.75 per share OR  $413 million for the publicly traded company. The preferred stocks of Secure Computing will be traded in for $84 million in additional cash. The total deal is worth $465 million.

Secure Computing will be helping McAfee in the sector of corporate defence against malware. Currently Secure Computing contains 22,000 customers in 106 countries.