Market consolidation
Mergers in the anti-spam market.
Anti-spam and messaging security company CipherTrust announced last month
that it is to be acquired by Secure Computing.
CipherTrust - which currently has an approximately 20% market share in the
messaging security market - will be purchased by Secure Computing for a
total of $273.6m in cash and stock. At the close of the deal CipherTrust
shareholders will own 14% of Secure Computing. The purchase agreement will
enable Secure Computing to add CipherTrust's messaging security appliances
to its range of security products. Combined assets of the merged companies
are estimated to exceed 18,000 enterprise customers with 1,700 resellers in
106 countries.
The deal is expected to close in early September.
01 August 2006
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