Fortinet, maker of unified threat management solutions, on Monday announced plans to go public. The Sunnyvale, Calif. company plans an initial public offering (IPO) of up to $100 million in common stock, according to a filing with the U.S. Securities and Exchange Commission. Many firms have steered clear of IPOs in recent months, but with the stock market again climbing, that may change, experts said. ArcSight was the last major security company to file for public status. — DK
A much hyped SMS vulnerability in the Apple iPhone has been fixed -- one day after details of the bug were presented at the Black Hat conference in Las Vegas.
McAfee on Thursday announced plans to acquire managed email and web security vendor MX Logic for at least $140 million. McAfee said the acquisition would bolster its cloud-based security portfolio. The deal is expected to close during the third quarter of 2009. If the deal goes through, MX Logic staff will be integrated into McAfee's software-as-a-service business unit. McAfee stands to gain MX Logic's 40,000 customers, representing four million end users. — AM
The Federal Trade Commission on Wednesday announced that it will, for the third time, push back the enforcement deadline of the Red Flags Rule, which requires financial institutions and creditors to develop identity theft prevention programs. The new enforcement deadline is Nov. 1. In addition, the FTC will ramp up its efforts to educate small businesses about how to comply because many are still confused about their obligations, the FTC said. — AM
Microsoft and Yahoo on Wednesday announced a partnership of their internet search businesses. Under the 10-year agreement, Microsoft's Bing search engine will power Yahoo. In return, Yahoo will run the search advertisement business. The partnership will allow the companies to better compete against Google, but the U.S. Department of Justice will likely investigate anti-trust issues to determine if the partnership will stifle competition, according to public interest group Competitive Enterprise Institute. — AM
First Medical Management, a health care services provider in California, found a simple way to protect patient records and hospital data, reports Greg Masters
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