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Home » Hacking News » McAfee Inc. buys Wireless Security Corp.

McAfee Inc. buys Wireless Security Corp.

by Nikola Strahija on June 3rd, 2005 McAfee Inc., the leader in Intrusion Prevention and Security Risk Management solutions, today announced the acquisition of Wireless Security Corp.

Wireless Security Corp. is a privately held company that offers innovative Wi-Fi security solutions to protect home and small business wireless networks from unauthorized access to a wireless network, its contents, or Internet service. When bundled with McAfee's proven security solutions, McAfee Internet Security Suite, McAfee VirusScan and McAfee Personal Firewall, home and small business users are also protected from malicious code and other Internet threats. Under the terms of the agreement, McAfee has acquired all the outstanding stock of Wireless Security Corp., including all associated technologies and assets.

The Wireless Security Corp. solutions are cost-effective and easy to use, utilizing patent-pending technology that employs strong industry standard encryption and authentication with intrusion detection technology. The solutions enable users to enjoy the benefits of wireless networking technology, without the concern that their confidential data could be accessed or their wireless network could be shut down by a malicious code attack or vulnerability.

"McAfee is committed to providing innovative, comprehensive solutions that protect customers from security threats at all access points," said George Samenuk, chairman and chief executive officer of McAfee, Inc “This acquisition builds on our existing security technology and enables us to further protect the growing wireless environment." According to industry analyst firm IDC, the worldwide adoption of wireless access points will grow at a 36% compound annual growth rate over the next four years.

The Wireless Security Corp. technology supports WEP and WPA-PSK and virtually 100% of network cards. Additionally it supports the most popular routers from the largest vendors such as Linksys, D-Link, and Netgear, along with support for some devices from Buffalo, Belkin, Proxim, ZyXEL and 3COM.

The technology will be developed by McAfee with plans for a fall consumer product launch. Additionally, the company will integrate the technology into the small business Managed VirusScan solution to provide comprehensive protection for the business user that is automatically delivered and managed to protect against evolving threats.

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