Aug
4
McAfee to Acquire SaaS Company MX Logic
This week McAfee announced its definitive agreement to acquire MX Logic, Inc., leading provider of software as a service (SaaS) for email, web security, archiving and business continuity. We have written about the increasing movement to SaaS in the past, and this latest news from McAfee further proves the trend. MX Logic’s filtering, email archiving and continuity services will be integrated with McAfee’s threat intelligence technologies. MX Logic has 40,000 customers and four million end users. The agreement was said to be for $140 million.
McAfee President and CEO Dave Dewalt said this in a statement to partners:
“The acquisition of MX Logic will reinforce our position as a leader in Security-as-a-Service, and brings world-class email and web defense, including archiving and business continuity services, extending our proven expertise in providing cloud-based services to our customers. MX Logic aligns with the McAfee vision to lead Security SaaS by bringing industry-leading technologies and a strong partner ecosystem.”
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