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Secure Computing buys CyberGuard

By Derek Sooman

On August 21, 2005, 3:20 PM

Secure Computing is to buy rival company CyberGuard in a deal worth $295 million. As a result, Secure Computing expects to see revenue jump from $110 million per year to $200 million. Other results should include product changes and lay-offs.

"There is overlap in some assets," said Mike Gallagher, senior vice president of product development.

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