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McAfee recently announced that it has completed the acquisition of Secure Computing Corporation. In total, net of cash held by Secure Computing, the transaction is valued at approximately USD 462 million.

As previously announced, Dan Ryan, president and chief executive officer of Secure Computing, will lead McAfee's Network Security product business unit and will report directly to Dave DeWalt, chief executive officer and president.

According to DeWalt, McAfee's goal is to provide intelligent security that protects from every angle, including the endpoint, the network and all points in between.

"Our users will be able to consolidate their defenses with some of the most robust technologies on the market today," said DeWalt.

To simplify security operations, McAfee plans to enhance its network and endpoint solution offerings to deliver powerful security management through McAfee ePolicy Orchestrator. In addition, McAfee plans to utilize Secure Computing's TrustedSource technology to expand intelligent "in-the-cloud" security services for an additional layer of defense.

McAfee expects the impact of the acquisition of Secure Computing on fourth quarter 2008 results to be neutral to slightly dilutive to non-GAAP earnings per share and more dilutive to fourth quarter 2008 GAAP earnings per share. Non-GAAP earnings per share will exclude the impact of amortization of acquired intangibles, stock compensation expense and other nonrecurring costs or charges.