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McAfee, VeriSign deepen Israel data security link

Posted by iTech - 2006-04-10

ZICHRON YAACOV, Israel — Senior executives from McAfee Inc spent last week in Israel visiting a number of Israeli start ups in the security field. With $1 billion set aside for mergers and acquisitions, McAfee is positioned to make a few acquisitions in Israel in the near future.

McAfee’s chief technology officer Christopher Colin said the company is interested in establishing an R&D center in Israel, but added any acquisitions made in Israel doesn’t have to incorporate that component.

The company is partnering with Finjan Software to sell the Israeli company’s multi-layer security solutions for Internet/Intranet downloadables that protect enterprise and stand-alone computer resources from attacks.

McAfee is not alone.

In February, VeriSign (Mountain View, Calif.) acquired online fraud detection solutions provider Snapcentric for $12 million. Snapcentric’s technology provides a real-time user verification and transaction monitoring system for fighting identity theft and application fraud. The deal will add Snapcentric’s anomaly detection technology to Verisign’s authentication systems to help banks and other financial institutions comply with new federal guidelines.

Verisign has also teamed up with Skybox Security to offer a security service that will help enterprises identify, visualize, and quantify information security risks as part of its managed security services unit. Skybox’s technology helps companies virtually model their networks, enabling them to simulate attacks, determine vulnerabilities and network access loopholes, then suggest ways to mitigate the risk.

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