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Secure Computing Buys Securify; VCs Take a Hit

in News on September 3, 2008 at 4:36 pm PT

Secure Computing (SCUR) announced a deal this afternoon to acquire privately held Securify for $15 million, plus an earn-out of up to $5 million more. Secure can pay for the deal in cash, or at its choosing, partially in stock. The deal is expected to close in the fourth quarter.