Network Associates adopts new name

Friday, 23 April 2004, 3:16 PM EST

Security specialist Network Associates is changing its name and selling one of its product lines in a move to boost profitability.

The company announced on Thursday that it is changing its name to McAfee, the name of its most prominent product line and the name of a company that Network Associates acquired. In addition, it will sell its Sniffer line of manageability tools to Silver Lake Partners and Texas Pacific Group for $275m in cash.

By Michael Kanellos at ZDNet.

[ Read more ]




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