What Economic Hard Times?
The hills are alive with the sound of acquisitions.
As we reported, Intel will acquire security software specialist McAfee Inc. for $7.68 billion in cash. Intel said the acquisition will enable the company to provide processor and network-based security. Based on the previous-day's closing stock price, Intel is paying a hefty 60 percent premium for McAfee.
Security has also been on the mind of HP, which announced today that it is acquiring security software vendor Fortify Software Inc. for an undisclosed amount. Fortify markets a security remediation suite called Fortify 360.
Meanwhile, Google has acquired Instantiations, an Eclipse-based commercial software tools and services provider. Terms of the deal were not disclosed.
-- James E. Powell
Editorial Director, ESJ
Posted by Jim Powell on 08/19/2010