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ARCHIVE 2006
CyberGuard Shareholders Vote to Approve Acquisition
by Secure Computing
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 11, 2006--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 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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