McAfee To Buy Privately Held Trust Digital

28/05/2010 10:21
Looking to cash in on the technology trends ofair force shoes virtualization and "consumerization," McAfee Inc. (MFE) announced one acquisition and the timing for a new product Tuesday during its Investor Forum 2010 in New York. The computer security firm said it plans to Nike Dunk Shoesbuy privately owned Trust Digital, a security-software company that specializes in mobile security. The deal is expected to close by June 30. Financial terms of the purchase were not released. The Santa Clara, Calif.-based company also said that a new product fornike dunk virtual desktops, which it is developing with help from Citrix Systems Inc. (CTXS), will be available in the second half of this year. McAfee Chief Technology Officer George Kurtz said the Trust Digital acquisition will help McAfee benefit fromVibram Five Fingers the technology "consumerization" trend, by which more and more employees are bringing personal technologies--such as Facebook and iPhones--into the office. "IT can no longer say 'No' when you want to bring a device" such as an iPad onto the corporate network, said Chief Technology Officer George Kurtz. "With Trust Digital, we have the ability to identify mobile devices and to jacketslock those devices," Kurtz continued. For example, if a phone tries to access a WiFi network for which it doesn't have protection, Trust Digital can block the phone's access to that network. Additionally, the acquisition may help McAfee cash in onMoncler the exploding mobile-phone market. According to research firm Gartner Inc., consumers bought 54.3 million smartphones in the first quarter of 2010, up nearly 50% from the first quarter of 2009. McAfee also said that its McAfee Optimized Virtual Environment Platform, ormoncler vest MOVE--developed in partnership with Citrix--will be available in the second half of this year. Quoting statistics fromMoncler Hoody Enterprise Strategy Group, a Citrix executive said that 21% of enterprises are implementing virtual desktops while 31% of enterprises are considering doing the same. The joint product from the two companies will target those enterprises, letting them deploy security for virtual desktops in a centralized and uniform manner. Chief Executive and President David DeWalt said it now expects an additional penny or two hit from currency exchange rates on its previous second-quarter guidance of non-GAAP EPS of 58 to 62 cents, on revenue of $500 million to $520 million. DeWalt and other executives discussed things the firm ismoncler sale doing to--such as simplifying its enterprise price list so that more deals can close in a quarter--to address the fact that McAfee's share price is down, even though its revenue is up. Company revenue has increased 70% over the past three years, formoncler men example, said Kurtz. Meanwhile, McAfee shares are down more than 17% from a year ago. "We feel that we're undervalued in the market," DeWalt said in response to an analyst question. McAfee stock closed up nearly 1% Tuesday to $32.24 MBT Kisumu Sandals Adidas Samba Nua Adidas T-MAC 3.0 Adidas T-MAC 5 Adidas T-mac runnning shoes -779