McAfee Buying MX Logic for $170 Million
McAfee Inc. (NYSE: MFE) has agreed to acquire MX Logic Inc., a cloud-based email and Web security and email archiving and continuity services. The deal is valued at up to $170 million in cash, including a $140 payment at closing, and up to $30 million in earn-outs. Englewood, Colo.-based MX Logic has raised around $34 million in VC funding, from firms like Adams Street Partners, Axiom Venture Partners, Grayhawk Capital, River Cities Capital Funds, UV Partners and Vista Ventures. A Series D round back in 2004 valued the company just short of $25 million.
31 July 2009•4 mins read
