McAfee to acquire Reconnex & redefine data protection market

McAfee to acquire Reconnex & redefine data protection market

McAfee announced a definitive agreement to acquire Reconnex for US$46 million in cash. Reconnex is a leading data loss prevention (DLP) company with unique technology that learns and adapts to automate the ongoing protection of data. "Data protection is the number one concern of chief information security officers, but today's DLP solutions take too long to deploy and obtain results," said Dave DeWalt, chief executive officer and president of McAfee. "With the pending acquisition of Reconnex, McAfee expects to redefine the entire data protection market by bringing together a leader in the hottest segment with our comprehensive portfolio of data protection technologies. We expect that this will enable us to leapfrog other data protection vendors and to reinforce our position as the largest dedicated security company."

Reconnex's technology helps an organization protect all the information assets on its network without requiring upfront knowledge of what needs to be protected, regardless of how that information is stored, secured or communicated. Through the pending acquisition of Reconnex, McAfee expects to further enhance its leadership position in proactive security and risk management solutions.

Reconnex's products align with McAfee's vision to provide a complete data protection and compliance solution to its customers, meeting the significant demand for adaptive data protection. With more than 60 million nodes managed by McAfee ePolicy Orchestrator (ePOT), McAfee can bring automated, centrally managed and adaptive protection to its existing customer base and further help users enhance the value of their current investments.

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