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McAfee acquires data protection specialist

$46m deal for Reconnex to close in September

McAfee has agreed to acquire data protection specialist Reconnex for $46m.

McAfee expects to close the deal by the end of September and will roll the products into its data protection business unit, where they will be sold under the McAfee Adaptive Protection brand name.

The company expects to rename the Reconnex iGuard Appliance and inSight Console products sometime around year's end.

Founded in 2003, Reconnex sells data loss prevention (DLP) software, designed to prevent sensitive documents and data from leaving corporate networks. The company's software indexes and classifies information and then stops it from leaking out of the corporate firewall.

Enterprise customers are only just beginning to purchase these products, but security vendors like McAfee have high hopes that this market will grow into a multibillion-dollar market in the next few years.

Reconnex has a staff of 85 and counts Qualcomm, Medstar Health Systems and Webex among its clients.

Reconnex is McAfee's second DLP acquisition. In 2006 it bought Onigma, an early maker of this type of software. Late last year, McAfee also picked up encryption vendor SafeBoot, and it has used the SafeBoot and Onigma products as the building blocks for its data protection product line.

McAfee says it will integrate the Reconnex products with its ePolicy Orchestrator management software by next year.


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