McAfee Buys Onigma

It pays $20 million.
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Network security company

McAfee

(MFE)

said Monday it acquired Onigma, a privately-held provider of data protection solutions, for $20 million in cash.

Onigma provides solutions that help companies monitor, report and prevent leaks of confidential data.

The acquisition would advance McAfee's strategy of offering its enterprise customers a comprehensive security risk management approach to managing security and compliance, the Santa Clara, Calif.-based company said.

Through the acquisition of Onigma's content-based data loss prevention product, McAfee also announced its host-based data loss prevention solution called McAfee Data Loss Prevention. It will help protect enterprises from the risk associated with unauthorized transfer of data from within or outside the organization.

"Customers have been asking us for robust protection against the risks associated with the loss of confidential data and intellectual property," McAfee said. "Onigma gives us additional capabilities and expertise to help customers reduce the risk associated with compliance violations, corporate governance concerns, internal policy infractions and information leaks."

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