McAfee announced on Tuesday a $60 million deal to acquire Citadel Security Software, as the former seeks to expand its efforts in the regulatory-compliance market.
The transaction, which is expected to close in the fourth quarter, calls for security company McAfee to pay $56 million in cash, in addition to $4 million in working capital.
With its Citadel acquisition, McAfee aims to bolster its regulatory compliance, remediation and vulnerability assessment suite--a goal it has been working toward with acquisitions of companies such as Preventsys.
McAfee said it is particularly interested in targeting government agencies and health care companies with its Citadel acquisition, given that those industries are highly regulated.
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