Through Proposed Acquisition, McAfee Extends Its Mobile Market Leadership And Expands Addressable Endpoint Market
SANTA CLARA, Calif., May 25, 2010 - McAfee, Inc. (NYSE:MFE) today announced that it has entered into a definitive agreement to acquire privately owned Trust Digital. Trust Digital is a leading technology provider of enterprise mobility management and security software targeting Global 2000 companies and is deployed by a growing number of businesses to deliver mission critical data to the point of service using Apple iPhones and iPads. McAfee expects that Trust Digital’s strong foot-hold in the mobile security market will extend McAfee’s endpoint market, addressing a wide range of mobile operating systems including iPhone OS, Android, Web OS, Windows Mobile, and Symbian.
IT organizations rely on Trust Digital to secure, rapidly deploy and centrally manage smartphones, as well as a new generation of always-available line of business applications and services. Following the completion of this proposed acquisition, McAfee® expects to couple Trust Digital’s enterprise mobility management solution with McAfee’s endpoint protection capabilities to deliver the industry’s first comprehensive mobile security solution. Customers will benefit from centralized management and reporting of the integrated technologies through the McAfee ePolicy Orchestrator® (ePO™) console.
With the proliferation of smartphones in the enterprise, paired with an increase in demand for real-time access to information via these devices, the ability to manage and support security policy that enables productivity is a significant priority for CIOs today. Rapid adoption of smartphones has changed how users in industries like healthcare, pharmaceutical and financial services work. Secure, immediate access to critical information on mobile applications is a core component enabling a productive workforce. Enterprises want to increase revenues, profits and productivity through empowering their workforce, without compromising their security.
The proposed transaction will bring together best-in-class technologies:
“The acquisition of Trust Digital’s industry-leading enterprise mobility management solutions will extend the current McAfee security portfolio beyond the traditional endpoint, addressing the rapidly expanding mobile security market,” said Dave DeWalt, president and chief executive officer, McAfee. “Once completed, Trust Digital’s industry leading enterprise mobility management solutions combined with leading McAfee antivirus, antispyware, host intrusion prevention, policy auditing and firewall technologies, will enable McAfee to address the mobile workforce by mitigating the risks associated with vulnerable or malicious mobile applications downloaded by employees. Through this acquisition, we believe McAfee can expand its reach into new markets, secure new platforms and strengthen its leadership position.”
Trust Digital’s enterprise mobility management for smartphones provides a Web services platform to manage and secure smartphones and mobile tablet devices regardless of device manufacturer. This robust management platform addresses the nuances of smartphone technology while also providing tools similar to those used by IT to manage and secure laptops and desktops.
“Business users are thrilled by the capabilities of iPhones, smartphones and tablets and are quickly adopting them as their handheld computers, but their IT counterparts must now find tools to effectively secure and manage them,” said Mark Shull, chief executive officer, Trust Digital. “The integration of Trust Digital with McAfee will enable enterprises to rapidly deploy new mobility devices such as smartphones across diverse mobile environments cost effectively and with the highest level of security. Together, we will enable IT to say yes to the iPhone and Android.”
The acquisition is expected to close by June 30 of 2010. For additional information, please reference the acquisition landing page at www.mcafee.com
About McAfee, Inc.
McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. McAfee is committed to relentlessly tackling the world's toughest security challenges. The company delivers proactive and proven solutions and services that help secure systems and networks around the world, allowing users to safely connect to the Internet, browse and shop the web more securely. Backed by an award-winning research team, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. http://www.mcafee.com
About Trust Digital
Trust Digital is the leading provider of enterprise mobility management (EMM®) software for Global 2000 companies, and today Trust Digital is being deployed by the growing number of businesses using the Apple iPhone® to deliver mission critical data to the point of service. IT organizations rely on Trust Digital's solution to secure, rapidly deploy and centrally manage their smartphones, while also enabling their use with native IT services and applications. Trust Digital is the trusted mobility company. For more information, please visit our website, www.trustdigital.com.
This release contains forward-looking statements, which include those regarding future plans that McAfee has for Trust Digital’s business, McAfee’s expectations regarding the combination of Trust Digital’s products and services with McAfee’s products and services, the expected closing date of the acquisition, McAfee’s expectations as to the opportunities resulting from the acquisition of Trust Digital’s business and McAfee’s plans for the integration of Trust Digital’s products and business. Factors that could cause the actual results or outcomes from the acquisition to be materially different from those anticipated include, among others, the inability to complete the acquisition on acceptable terms, or at all; the inability to integrate successfully Trust Digital within McAfee or to realize synergies from such integration; costs related to the acquisition of Trust Digital; the customer response to, and acceptance of, the combination of Trust Digital's products with McAfee’s products; and the economic environment of the industries in which McAfee and Trust Digital operate. In addition, actual results are subject to other risks and uncertainties that relate more broadly to McAfee’s overall business, including those more fully described in McAfee filings with the SEC, including its quarterly report on Form 10-Q for the quarter ended March 31, 2010 and annual report on Form 10-K for the year ended December 31, 2009. The forward-looking statements contained in this press release are based on information available to McAfee as of the date hereof, and McAfee expressly disclaims any obligation to update any forward-looking statements.
NOTE: McAfee, ePolicy Orchestrator, ePO and any additional McAfee marks herein are registered trademarks of McAfee, Inc. and/or its affiliates in the U.S. and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. All other registered and unregistered trademarks herein are the sole property of their respective owners. Product specifications subject to change at any time without prior notice. © 2010 McAfee, Inc. All rights reserved.