Secure Computing to acquire N2H2

Secure Computing Corp. has signed a merger agreement to acquire N2H2 Inc. for $19.9 million in stock, the company announced today.

Under the agreement, Secure Computing of San Jose, Calif., will issue 0.0841 shares of Secure Computing common stock for each outstanding share of N2H2 common stock, or about 1.861 million shares, the company said.

The acquisition of N2H2 of Seattle, a provider of global Internet content filtering services, will increase Secure Computing's market share and critical mass in the Internet content filtering marketplace, said Tim McGurran, Secure Computing's president and chief operating officer.

The company expects to add more than 2,000 new customers through the deal, he said.

"By combining the strengths and complementary aspects of both companies, we will be able to offer customers more features, a wider range of Web filtering platforms and extended URL list capabilities," he said.

N2H2's software is intended to help customers control, manage and understand their Internet use by filtering Web content, monitoring access and delivering concise reports on user activity. These safeguards enable organizations to limit potential legal liability, increase user productivity and optimize network bandwidth.

Secure Computing is a provider of security technology services to the public and private sectors. The company has more than 360 employees and annual sales of $65.8 million, according to Hoover's Online of Austin, Texas.

About the Author

William Welsh is a freelance writer covering IT and defense technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.