Secure Computing buys CyberGuard for $295m

"Secure Computing is buying rival CyberGuard for $295 million. Secure Computing expects to see revenue jump from $110 million per year to $200 million, said Mike Gallagher, senior vice president of product development. The company has warned of product changes and lay-offs. There is overlap in some assets. However, CyberGuard's lower-end SG line of firewall/VPN products is an area where Secure Computing doesn't compete at all at present. In the area of Web filtering, Secure Computing has products that do outbound Web filtering only, while CyberGuard's WebWasher is a standalone Web filter that also supports anti-virus and anti-spam filtering, said Gallagher." Source: techworld.com