McAfee has announced that it has completed the acquisition of MX Logic for approximately $140 million in cash.
If certain performance targets are met, an earn-out of up to an additional $30 million in cash could also be factored in. As previously announced, the MX Logic team will report to the McAfee Software-as-a-Service business unit, headed by McAfee senior vice president and general manager, Marc Olesen.
Olesen said: “With this transaction, McAfee is uniquely positioned to offer the most comprehensive cloud-based security portfolio in the industry, one that combines leading global threat intelligence technologies from McAfee with its Security-as-a-Service solutions.
“Customers will be able to leverage the cloud to simplify their security architecture and enjoy access to a broader set of delivery options, including appliances, software or in-the-cloud deployments.”
Meanwhile Reuters has reported that the European Commission could decide to delay Oracle's $7.4 billion acquisition of Sun Microsystems with less than 48 hours to go before a deadline.
Citing two sources familiar with the situation, Reuters reported that the EC's anti-trust authority is debating whether to approve the deal by Thursday's deadline, amid concern about Oracle getting its hands on Sun's MySQL database.
According to commission rules, if the commission decides to open an in-depth investigation of the matter, it could take as long as four months. This would put Oracle months behind its original plan for closing the deal that could give its rivals more time to poach hardware customers from Sun.
The deal has already been cleared by US anti-trust authorities without condition last week, after initially delaying the decision on concerns about the licensing of Sun's Java software. US officials did not publicly cite any concerns about the MySQL database.