McAfee announced that it is planning to work with EMC to provide online PC backup services and plans acquiring a company that works against ATM hacking.
The company would provide unlimited web-based backup for personal computers with EMC’s Mozy division for $50 to $60 a year.
It intends to pay $33m to buy Cupertino, California-based SolidCore Systems, adding products that help companies protect ATMs and other point-of-sale systems used by retailers including multifunction printers. It could pay another $14m if Solidcore’s business meets certain financial targets.
The company could bring the PC backup service in the second half of the year, arriving as a late player in a market already dominated by bigger rivals like Symantec, EMC and Carbonite, reported by Reuters.
Todd Gebhart, executive vice president of McAfee said: “SolidCore’s products are used by more than 100 financial institutions and in more than 15,000 retail stores.”