On the Radar…

McAfee, Inc. announced a definitive agreement to acquire MX Logic for $140M in cash at closing with the potential for an additional $30M based on certain performance targets. MX Logic is a leading provider of cloud-based email and web security and email archiving and continuity services. McAfee views the acquisition as an important step in rounding out its leading Software-as-a-Service offering. MX Logic is a privately held company based in Englewood, Colorado whose leading investors include Adams Street Partners, Axiom Venture Partners, Grayhawk Venture Partners, River Cities Capital Funds, UV Partners and Vista Ventures. The deal is supposed to close sometime in the third quarter of 2009 contingent on regulatory approval and customer closing conditions.