McAfee to capture Citadel Security

Acquisition, which is worth $60 million, is designed to expand McAfee's efforts in the regulatory-compliance market.

McAfee announced on Tuesday a $60 million deal to acquire Citadel Security Software, as the former seeks to expand its efforts in the regulatory-compliance market.

The transaction, which is expected to close in the fourth quarter, calls for security company McAfee to pay $56 million in cash, in addition to $4 million in working capital.

With its Citadel acquisition, McAfee aims to bolster its regulatory compliance, remediation and vulnerability assessment suite--a goal it has been working toward with acquisitions of companies such as Preventsys.

Citadel develops software designed to automate the process of complying with regulatory requirements such as the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act, or HIPAA. The company's products range from patch management to security policy to vulnerability remediation technologies.

McAfee said it is particularly interested in targeting government agencies and health care companies with its Citadel acquisition, given that those industries are highly regulated.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Microsoft leaves Apple in the dust with tablet and laptop innovation in 2015

Will there be one Apple Ring to rule them all? That's what a patent application says. Plus, building the thinnest gadget isn't innovation anymore and Apple just got a reality check from Microsoft.

by Brian Tong