Secure Computing to Purchase CipherTrust

Secure Computing plans to acquire e-mail security vendor CipherTrust in a deal valued at close to US$274 million.

The acquisition, which is expected to be completed by Sept. 8, will help Secure Computing expand its line of Internet gateway security appliances.

"This transaction provides us with an expanded set of technologies in a market that’s growing," said John McNulty, Secure Computing’s chairman, president and chief executive officer (CEO). "By combining with CipherTrust, Secure Computing will now be able to offer highly integrated and differentiated SCM [secure content management] enterprise solutions," he said during a conference call with analysts.

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