JSM Financial: Security software producer McAfee says acquisitions are on the horizon.

March 1, 2010 - PRLog -- JSM Financial has learned that in a recent television interview, the Chief Executive of U.S. security software firm McAfee Inc, David DeWalt indicated that the company intends to acquire three to four companies annually to help its growth drive.

"We've been very constantly acquiring companies the last few years. We'll continue to do that. We see small- and medium-sized acquisitions as the perfect scenario for us," JSM Financial understands he said.

"Not risky acquisitions. Technology-oriented acquisitions all over the world," he added.

David DeWalt who joined the firm in 2007, has guided it through multiple consecutive quarters of double-digit sales growth, with a record $1.6 billion in revenue for 2008, and is widely seen as a savvy deal maker.

Among the security software company’s earlier acquisitions are the purchase of internet security company Secure Computing Corporation in 2008 for $456 million and earlier, Trusted Information Services.

JSM Financial believes that while industry analysts agree that McAfee would make a prime takeover target for companies such as Hewlett-Packard and IBM, which are said to be seeking to package software, services and hardware for their corporate clients, DeWalt emphasized that he had no intention of putting the company on the market.
"We are not for sale. There's nothing material to announce," the chief executive said.

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