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.

2014 ARN Women in ICT Awards - Nominations close October 27!: Nominations have opened for WIICTA 2014 and will stay open until October 27. But don't be late, be among the first in and NOMINATE NOW!!!

More about McAfee AssociatesMcAfee AustraliaNetwork GeneralPioneer

ARN Directory | Distributors relevant to this article

Comments

Comments are now closed

 

Latest News

02:28PM
NBN Co posts $252 million loss in first quarter
01:44PM
Zellabox named finalist in RBS Innovation Gateway
12:14PM
McAfee targets SMB with new security suites
10:38AM
DataCore inks multi-year Transdev contract
More News
23 Oct
NewLease & Microsoft Technical Sessions
23 Oct
NewLease & Red Hat Breakfast Briefing (Sydney)
29 Oct
NewLease & Microsoft Technical Sessions
30 Oct
Ovum 2020 Telecoms Summit
View all events