McAfee Buying Reconnex

McAfee Inc. (NYSE: MFE) has agreed to acquire Reconnex, a Mountain View, Calif.-based provider of enterprise data loss prevention solutions. The deal is valued at $46 million in cash, and is expected to close later this quarter. Reconnex had raised around $36 million in VC funding from Levensohn Venture Partners, Norwest Venture Partners, Outlook Ventures and August Capital Management. 

 PRESS RELEASE

McAfee, Inc. (NYSE: MFE) today announced a definitive agreement to acquire privately owned Reconnex for $46 million in cash.  Reconnex is a leading data loss prevention (DLP) company with unique technology that learns and adapts to automate the ongoing protection of data.

“Data protection is the number one concern of chief information security officer's, but today's DLP solutions take too long to deploy and obtain results,” said Dave DeWalt, chief executive officer and president of McAfee. “With the pending acquisition of Reconnex, McAfee expects to redefine the entire data protection market by bringing together a leader in the hottest segment with our comprehensive portfolio of data protection technologies.  We expect that this will enable us to leapfrog other data protection vendors and to reinforce our position as the largest dedicated security company.”

Reconnex's technology helps an organization protect all the information assets on its network without requiring upfront knowledge of what needs to be protected, regardless of how that information is stored, secured or communicated. Through the pending acquisition of Reconnex, McAfee