August 16, 2004 8:55 AM PDT

McAfee grabs Foundstone

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McAfee plans to acquire digital security company Foundstone for $86 million in cash, in a move to bolster its risk management offerings, the companies said Monday.

Under the deal, security software maker McAfee plans to team up its intrusion prevention technology with Foundstone's vulnerability management software. The acquisition is designed to give McAfee an all-inclusive security offering.

"Chief information security officers need a comprehensive view of where their risks are, and business executives need to understand how those risks can translate into business impact. Foundstone enables both," George Samenuk, McAfee chief executive, said in a statement.

Mission Viejo, Calif.-based Foundstone's technology is designed to find security vulnerabilities and validate security measures that a company is currently taking. The 5-year-old company, which is privately held, has about 400 large corporations in its customer base, including AT&T, McKesson and Motorola.

McAfee expects to close the transaction within the next 60 days.

 

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