Update: Company news - Secure Computing/CipherTrust

Share this article:

Secure Computing plans to buy messaging security firm CipherTrust for an estimated $273 million. The transaction will include $185 million in cash, 10 million shares of Secure Computing common stock and a $10 million promissory note, provided certain performance targets are met.

Jay Chaudhry, chief executive and founder of CipherTrust, will join Secure Computing's board of directors and become chief strategy officer. "Our products and technologies are complementary," he said. The deal follows CipherTrust being awarded the Common Criteria Evaluation Assurance Level 2 certification from the National Information Assurance Partnership program last month.

www.securecomputing.com

www.ciphertrust.com.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

TOP COMMENTS

More in News

Millenials improve security habits, more interested in cyber careers, still need guidance

Millenials improve security habits, more interested in cyber ...

Raytheon's second annual survey on the online and security behavior of Millennials shows improvement but still a long way to go.

Pakistani man indicted over spyware app creation

Hammad Akbar created StealthGenie, which allowed the purchaser to secretly monitor a cell phone's communications.

FDA finalizes guidelines on medical device, patient data security

The recommendations are aimed at providing better protecting patient health and data, as well as hoping device manufacturers take into account cybersecurity risks in the early stages of development.