Network Associates buys help desk vendor

Network Associates yeserday announced plans to acquire help desk pioneer Magic Solutions in a cash deal worth $US110 million.

Network Associates, formed last year in a merger between McAfee Associates and Network General, aims to strengthen its position in the market for help desk applications, the company said in a statement.

The purchase will boost Network Associates consulting and service staff to over 200 worldwide, and gives Network Associates access to Magic Solutions installed customer base of over 5000 organisations.

Network Associates said it plans to continue to sell both companies' help desk products but eventually combine its help desk tool, McAfee Total ServiceDesk, with Magic Solutions' SupportMagic/SQL. The integrated product will feature a unified data model, architecture and user interface and is expected to be released before the end of 1998.

The transaction, pending approval of Magic Solutions' shareholders and other traditional closing conditions, is expected to be finalised early during in the second quarter.

In connection with the closing of the proposed transaction, Network Associates currently expects to incur a charge to earnings related to the purchase of in-process research and development of approximately $US90 million, the company said.

FILL IN THE SURVEY - AND YOU COULD BE A WINNER: ARN wants to hear from YOU. Tell us how you run a successful business and you could win an adrenaline-fuelled adventure of your choice. COMPLETE THE ARN SURVEY.

More about McAfee AssociatesMcAfee AustraliaNetwork GeneralPioneer

ARN Directory | Distributors relevant to this article

Comments

Comments are now closed

 

Latest News

Aug 29
Half of Australian SMBs have lost work from not backing-up: Seagate
Aug 29
Telstra strikes Cloud deal with Telkom Indonesia
Aug 29
Brocade deploys router for new high-speed research network platform
Aug 29
EXCLUSIVE: Tonnex International falls into liquidation after lengthy court battl...
More News
08 Sep
ITIL Foundation (incl. Exam)
10 Sep
CPX 2014
10 Sep
IT Leaders Lunch
16 Sep
Ingram Micro SMB Favourites Roadshow
View all events