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
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