The data loss prevention (DLP) market continues to consolidate. McAfee on Thursday said it agreed to acquire privately owned DLP company Reconnex for $46 million in cash. Last year, EMC/RSA Corp. acquired Tablus Inc. and Symantec Corp. acquired Vontu Inc.
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Data protection is the top concern for CISOs, “but today’s DLP solutions take too long to deploy and obtain results,” McAfee Inc. CEO Dave DeWalt said in a prepared statement. “With the pending acquisition of Reconnex, McAfee expects to redefine the entire data protection market by bringing together a leader in the hottest segment with our comprehensive portfolio of data protection technologies.”
McAfee’s announcement included a statement from Brian Burke, program director of security products and services at IDC, describing Reconnex Corp.’s gateway-based technology as complementing McAfee’s host-based data protection technology.
McAfee previously acquired Onigma and SafeBoot Corp. and in January repackaged SafeBoot’s endpoint encryption with its DLP products. The Reconnex deal is expected to close in the third quarter.
A recent Forrester Research Inc. report on the DLP market gave high marks to Reconnex for its automated data classification and analysis engine.