Insightix Ltd., a developer of real-time security intelligence and control solutions, has been acquired by McAfee Inc. The companies did not disclose the size of the deal, but it was reportedly for $4-5 million. The acquisition follows a long period of collaboration.
Insightix CTO Ofir Arkin and Lior Tal founded the company in 2004, and, according to IVC, it raised $10 million. Investors included Softbank, Blumberg Capital, Qwest Corporation, and private investors.
Insightix was considered as having great promise in the network access control (NAC) segment of information security. The company says that its business security assurance (BSA) solution provides continuous real-time information about all the computer and communications systems linked to a network - an environment that became much more complicated with the entry of mobile computing.
Insightix's performance did not meet early expectations as the NAC market waned and became irrelevant, at least until recently. The company had $1-2 million in annual sales, and was never able to exceed this level. CEO is Herb Zlotogorski led the company's sale.
McAfee's Israel R&D center will hire Insightix's 12 development staff. The center is based on McAfree's two prior acquisitions in Israel: Onigma in 2006 and Sentrigo in 2011.
Published by Globes [online], Israel business news - www.globes-online.com - on February 12, 2012
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