NitroSecurity Snapped Up by Intel’s McAfee Amid Escalating Cyber Threats
Lots of action in computer security, especially around New England.
On the same day IBM said it’s acquiring Q1 Labs of Waltham, MA, the security firm McAfee, a recent subsidiary of Santa Clara, CA-based Intel (NASDAQ: INTC), said it has agreed to buy NitroSecurity of Portsmouth, NH. Terms of the deal weren’t disclosed.
NitroSecurity specializes in what’s called security information and event management. Basically, its software helps organizations protect their network infrastructure and IT environments against increasing levels of cyber threats and intrusions—and Nitro claims to do it fast, in minutes rather than hours.
The company started in 1999 and is led by CEO Ken Levine. A year ago, NitroSecurity announced a $6 million Series B financing round from Brookline Venture Partners, First Analysis, and NewSpring Ventures. The firm also said then that it had acquired the security business of LogMatrix, a Marlborough, MA-based company focused on IT and network management. No word yet on whether NitroSecurity’s staff, which totals about 100, will be moving west or staying put.
Nitro’s software encompasses “network security devices, firewalls, operating system and application logs, vulnerability assessment scans, identity and access management systems and privacy systems,” says Levine in a statement. “It will complement the extensive McAfee security portfolio and help to meet the demanding compliance and protection needs of our joint customers.”