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April 26, 2004 12:00 AM

Network Associates to Consolidate and Change Name

Windows IT Pro
InstantDoc ID #42458
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Network Associates (NAI) announced that the company will sell its Sniffer product line, focus exclusively on security solutions, and change its name to McAfee, Inc. The company is entering into a deal to sell the Sniffer technology for $275 million to Silver Lake Partners (SLP) and Texas Pacific Group (TPG). Once the deal is complete NAI will then change its name. SLP and TPG will form a new company, Network General Corporation, which will continue to develop and market the Sniffer products.

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