Network Associates to Consolidate and Change Name

Network Associates (NAI) announced that the company will sell its Sniffer product line, focus exclusively on security solutions, and change its name to McAfee, Inc. The company is entering into a deal to sell the Sniffer technology for $275 million to Silver Lake Partners (SLP) and Texas Pacific Group (TPG). Once the deal is complete NAI will then change its name. SLP and TPG will form a new company, Network General Corporation, which will continue to develop and market the Sniffer products.

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