CyberGuard Shareholders Vote to Approve Acquisition by Secure Computing
January 11 2006 - 3:00PM
Business Wire
CyberGuard(R) Corporation (NASDAQ:CGFW), a global provider of
security solutions that protect the business-critical information
assets of Global 2000 enterprises and government organizations,
today announced that its shareholders have approved the Company's
acquisition by Secure Computing Corporation of San Jose,
California. Approval was given at a special shareholders' meeting
held in Deerfield Beach, FL earlier today. Secure Computing had
announced its intention to acquire CyberGuard on August 18, 2005.
Richard L. Scott, CyberGuard board member and largest shareholder
said, "When I initially made my investments in CyberGuard, I felt
CyberGuard had superior products in the firewall industry. What was
accomplished over the last 5 years is a testament to the management
team we put in place and their commitment and focus. Their
acquisition of technology and vision for combining these
technologies, we believe, will be a significant benefit to all of
the combined shareholders of CyberGuard and Secure Computing. I am
very proud of what has been accomplished and the team that have
been acquired by Secure Computing." Mr. Scott will join Secure
Computing's Board of Directors following the close of the
transaction. About CyberGuard Corporation CyberGuard Corporation
(NASDAQ:CGFW) is a global provider of security solutions that
protect business-critical information assets at Global 2,000
organizations and government entities. The company's firewall/VPN,
TSP(TM), Global Command Center(TM) and Webwasher(R) product suites
comprise a comprehensive, integrated security system, which offers
highly adaptive, scalable solutions that intelligently guard
against network intrusion and content-based vulnerabilities,
detecting and eliminating security threats in real-time for
performance optimization. CyberGuard has deployed more than 250,000
products in organizations around the world to maintain the health
and integrity of their enterprises. Headquartered near Boca Raton,
Florida, the company has branch offices and training centers around
the globe and can be located on the World Wide Web at
http://www.CyberGuard.com. Forward-Looking Statement This press
release contains forward-looking statements that involve certain
risks, uncertainties and factors, including without limitation,
those described in the Company's filings with the Securities and
Exchange Commission that may cause the Company's future actual
results to materially differ from the Company's current
expectations. The Company assumes no obligation to update any
forward-looking statements. CyberGuard(R) and Webwasher(R) are
registered trademarks. All other trademarks are property of their
respective owners.
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