Secure Computing to acquire Securify
Secure Computing Corporation announced it has signed a definitive agreement to acquire Securify, a provider of identity-based monitoring solutions, for approximately $15 million plus an earn-out of up to $5 million.Ã‚Â The purchase price is payable in cash or, at Secure Computing’s election, partially in shares of Secure Computing common stock.Ã‚Â The acquisition is expected to close in the fourth calendar quarter of 2008, subject to certain closing conditions.
Dan Ryan, CEO of Secure Computing commented:
In the near future, the combination of our products will facilitate a seamless workflow where out-of-policy behavior can be analyzed, reported and, in combination with Secure Firewall, automatically mitigated. Longer term, combining Securify’s technology with Secure Firewall will allow us to deliver a unique, next-generation firewall that enforces business policy by enabling visibility and control over applications and user access, as opposed to the current paradigm of protocols and IP addresses.