McAfee announced today it bought ScanAlert for US$54 million. ScanAlert sells a web site security scanning service. After a number of bad buys, McAfee seems to be on to a good thing this time. US$54 million for 75,000 paying customers is a fair price.
There's a US$24 million earn out, but if that is worded and devised similar to most earn outs, at the end it's either going to add significant value or not end up being paid at all ...
It seems McAfee plans to couple ScanAlert with their excellent SiteAdvisor service, purchased in early 2006, which rates websites for their safety. I think McAfee has made an excellent move and with this acquisition is putting itself in a good position to take advantage of the emerging web