McAfee Acquires MX Logic For $140M

Law360, New York (September 2, 2009, 5:25 PM EDT) -- McAfee Inc. has completed its acquisition of MX Logic Inc. for $140 million in cash in a deal that includes an earn-out of up to $30 million in cash if performance targets are met.

“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,” Marc Olesen, senior vice president and general manager of McAfee, said on Tuesday.

The acquisition of MX Logic, a...
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