McAfee to buy Foundstone

Officials at McAfee Inc., maker of antivirus and intrusion-prevention software, announced Monday that they would acquire Foundstone Inc. for $86 million.

A 5-year-old company specializing in vulnerability management, Foundstone provides hardware, software and services to help companies identify potential security risks in their networks and systems. Company officials announced last week that the Justice Department had selected the company's Enterprise product. Other federal customers include the Transportation Department, the Federal Aviation Administration and the Army.

McAfee officials will continue to support Foundstone customers and develop Foundstone technology, according to a press release. Once the transaction closes, the company will sell the Foundstone line of products, including Foundstone Enterprise, Foundstone FS1000 Appliance, Foundstone On-demand Service and Foundstone Professional TL.

McAfee officials expect the transaction to close in the next 60 days.

About the Author

Connect with the FCW staff on Twitter @FCWnow.

Featured

  • Image: Shutterstock

    COVID, black swans and gray rhinos

    Steven Kelman suggests we should spend more time planning for the known risks on the horizon.

  • IT Modernization
    businessman dragging old computer monitor (Ollyy/Shutterstock.com)

    Pro-bono technologists look to help cash-strapped states struggling with legacy systems

    As COVID-19 exposed vulnerabilities in state and local government IT systems, the newly formed U.S. Digital Response stepped in to help.

Stay Connected