McAfee acquires tenCube to deliver Mobile Security Protection

McAfee has announced that it has entered into a definitive agreement to acquire privately owned tenCube, the provider of the WaveSecure mobile security service. Adding WaveSecure’s locate, lock, back-up and wipe technology to Trust Digital’s enterprise mobility management and McAfee’s mobile security technology, gives McAfee the capabilities it needs to deliver the industry’s most complete next generation mobility platform. McAfee will now have a single platform, from the consumer to the enterprise, to address the management and security of all devices types, to all markets and with the most robust feature set.

The WaveSecure security service for consumers allows users to remotely control their devices, manage the data on their phones, ensure privacy in the event of device theft or loss and enhance the possibility of recovering the phone. McAfee also plans to offer a child locator service, using the unique technology from WaveSecure.

If a phone is lost, the WaveSecure service lets users remotely locate the phone and pinpoint its location. If the phone's been stolen, they can remotely lock it and/or wipe all of the personal data from the device and its external memory cards. The phone will automatically go into lock-down mode if it is used with an un-authorized wireless account and inform a user’s emergency contact of its location. WaveSecure locked phones show a permanent message on the screen explaining how to return the phone to its owner. The application also lets users automatically back-up and restore all of the data stored on their phone including text messages and their address book.

The WaveSecure mobile service is provided by tenCube, which is primarily located in Singapore. Its mobile technology is currently available in English, Chinese and Indonesian. Following the completion of this proposed acquisition; McAfee expects to broaden language support and couple the service with McAfee’s endpoint protection and cloud capabilities.

The acquisition is expected to close in August of 2010. For additional information, please reference the acquisition landing page at www.mcafee.com