451Group posts

Feed

McAfee secures another deal

So far this year, McAfee, Inc. (NYSE: MFE) has put together a strong turnaround. Now, the company is ramping its mergers and acquisitions (M&A) efforts.

The latest deal is the $51 million acquisition for ScanAlert (there's another $24 million for meeting certain performance milestones). The company, which provides Web security, has customers like Hewlett-Packard Company (NYSE: HPQ), Sony Corporation (ADR) (NYSE: SNE), and Yahoo!, Inc. (Nasdaq: YHOO).

The deal is also a part of McAfee's attempt for "triple play protection," which involves security for PCs, the Web, and mobile devices.

In today's trading, McAfee's stock is up about 1.5% to $40.51. Actually, today the stock hit a 52-week high.

To get more perspective on things, I talked to Nick Selby, who is the Research Director and Enterprise Security Practice Director at the 451 Group.

According to him:

"Hacker Safe is a more solid and relevant product than was SiteAdvisor in that it addresses issues to both consumers and the e-business websites they buy from. This is a good, incrementally valuable tool in McAfee's quiver, with the added bonus of helping bring the McAfee name back to the fore of the consumer market."

Also visit DealProfiles.com to check out other recent M&A deals.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 10:01 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328972469313 ms.