April 26, 2004
Network Associates To Change Name, Sell Sniffer
Information Week writes It's selling its network and application-performance application to two private equity firms; when the deal is complete, the company will legally change its name to McAfee. (full story)
News Factor writes Network Associates is going back to the future, changing the corporate moniker back to McAfee and spinning off a company division as part of a strategy to focus more tightly on security products and services.
The Santa Clara, California-based company, which creates and sells applications that protect computer systems, announced Thursday that the Sniffer Technologies product line will be sold to private equity firms Silver Lake Partners and Texas Pacific Group for US$275 million in cash. (full story)
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