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McAfee Acquires Onigma for $20 Million

Authored by dmw on October 16, 2006 - 12:29pm.
Santa Clara, Calif. - McAfee, the larger maker of Internet security products, said on Monday that it has acquired Israeli data protection software maker Onigma for $20 million in cash. Onigma's technology is designed to monitor, report and prevent confidential data from leaving an organization. Christopher Bolin, McAfee's CTO, said that the deal will allow his company to offer clients protection against the loss of confidential data and intellectual property. The deal follows last week's retirement of George Samenuk as McAfee's chairman and CEO, and the termination of Kevin Weiss as its president following an internal probe into e company's stock option practices.
http://www.mcafee.com/us/about/press/corporate/2006/20061016_052000_u.html

tags: Deals | Tech | Security | DRM | Acquisitions | Tech Deals | Software | Israel | IT |



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