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Intel's McAfee to buy privately held NitroSecurity

Tue, 10/04/2011 - 8:05am
The Associated Press

McAfee, the security software company Intel Corp. bought in February, said Tuesday that it is buying privately held NitroSecurity, whose technology helps identify and remediate security risks to computer networks, databases, applications and other areas.

Financial terms were not disclosed. McAfee, which Intel bought for $7.7 billion, said the deal will help it provide customers with greater insight into network infrastructure, security threats and system vulnerabilities using a single platform.

The acquisition is expected to close by the end of the year. NitroSecurity is based in Portsmouth, N.H.

The deal comes the same day IBM Corp. said it is buying privately held security software company Q1 Labs so it can expand its security software and services business.

Intel shares rose 13 cents to $20.75 in late morning trading.

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