Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

McAfee Buys Cloud Security Provider MX Logic For $140 Million

Acquisition expands McAfee's security software-as-a-service offerings

McAfee Inc. yesterday acquired privately-owned MX Logic Inc., a provider of cloud-based email, Web security, and email archiving services.

The security software giant agreed to pay approximately $140 million in cash at closing for MX Logic, with an earn-out of up to an additional $30 million in cash if certain performance targets are met, the companies said.

McAfee said it will combine MX Logic's security software-as-a-service (SaaS) offerings with its Global Threat Intelligence offerings to create a comprehensive package of security services that includes cloud-based intelligence, Web security, email security, endpoint security, and vulnerability assessment -- all on an SaaS basis.

MX Logic currently has 40,000 customers with more than four million end users, the companies said. Approximately 1,800 MX Logic channel partners will now sell McAfee's security SaaS s

"The acquisition of MX Logic will reinforce our position as a leader in security SaaS," said Dave DeWalt, president and CEO of McAfee.

McAfee has been developing its products lines in a variety of form factors, including appliances, software, in the cloud or hybrid services. The idea is to give customers choices and allow them to mix and match, the company said. , the company observed. This approach will give

"We view McAfee as the leading dedicated security company and a pioneer in Security-as-a-Service," said John Street, chairman and CEO of MX Logic. "We will now be even better equipped to help our customers address the complex challenges associated with blocking spam, phishing scams, viruses in the cloud, and enforcing email policies to prevent sensitive data leaks."

Following the closing of the proposed acquisition, the MX Logic team will report to the McAfee SaaS business unit, headed by Marc Olesen, senior vice president and general manager, McAfee said.

The acquisition is expected to close in the third quarter of 2009, contingent upon regulatory approval.

Have a comment on this story? Please click "Discuss" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
State of Cybersecurity Incident Response
State of Cybersecurity Incident Response
Data breaches and regulations have forced organizations to pay closer attention to the security incident response function. However, security leaders may be overestimating their ability to detect and respond to security incidents. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-8015
PUBLISHED: 2020-04-02
A UNIX Symbolic Link (Symlink) Following vulnerability in the packaging of exim in openSUSE Factory allows local attackers to escalate from user mail to root. This issue affects: openSUSE Factory exim versions prior to 4.93.0.4-3.1.
CVE-2020-1927
PUBLISHED: 2020-04-02
In Apache HTTP Server 2.4.0 to 2.4.41, redirects configured with mod_rewrite that were intended to be self-referential might be fooled by encoded newlines and redirect instead to an an unexpected URL within the request URL.
CVE-2020-8144
PUBLISHED: 2020-04-01
The UniFi Video Server v3.9.3 and prior (for Windows 7/8/10 x64) web interface Firmware Update functionality, under certain circumstances, does not validate firmware download destinations to ensure they are within the intended destination directory tree. It accepts a request with a URL to firmware u...
CVE-2020-8145
PUBLISHED: 2020-04-01
The UniFi Video Server (Windows) web interface configuration restore functionality at the “backup� and “wizard� endpoints does not implement sufficient privilege checks. Low privileged users, belonging to the PUBLIC_GROUP ...
CVE-2020-8146
PUBLISHED: 2020-04-01
In UniFi Video v3.10.1 (for Windows 7/8/10 x64) there is a Local Privileges Escalation to SYSTEM from arbitrary file deletion and DLL hijack vulnerabilities. The issue was fixed by adjusting the .tsExport folder when the controller is running on Windows and adjusting the SafeDllSearchMode in the win...