McAfee sees future in data leakage products

Security solutions provider McAfee plans to build an integrated suite of products to check the leakage of confidential data from organisations. The move comes close on the heels of acquiring Israel-based Onigma, a data protection solutions provider, in October this year.

For this, the California-based firm plans to make new acquisitions and will go in for partnerships to widen technological reach.

Praveen Jain, executive vice-president, corporate development and strategy said, "The acquisition of Onigma gave us the reach to system side solution of data leakage, a problem the customers have been telling us.

Apart from integrating their technology with ours, we are also looking at an acquisition on the network side," said Jain.

The market size of security solutions for data leakage currently stands around $250 million and is expected to be over $1 billion over the next four years. While there is no large player to address the market, the demand is primarily catered to by start-ups such as Bontu and Port Authority Technologies.

"But these companies provide point solutions which are limited to the network side only," claims Jain.