Verizon Business and McAfee Form Strategic Alliance

* Reuters is not responsible for the content in this press release.

Thu Oct 8, 2009 12:01am EDT

Industry Leaders Join Forces to Deliver Expanded Security Capabilities to
Organizations Small and Large and Develop Next-Generation Cloud Solutions
LAS VEGAS--(Business Wire)--
Verizon Business (NYSE:VZ), a leading global provider of IT, communications,
security and network solutions, and McAfee, Inc. (NYSE:MFE), the world's largest
dedicated security technology company, announced today a global strategic
alliance to provide integrated security solutions to businesses and government
agencies worldwide. 

Through this agreement, Verizon Business will offer McAfee`s entire line of
enterprise security products and services while McAfee taps Verizon Business`
data center outsourcing and expert consulting and managed services capabilities.
Additionally, the companies will jointly develop a suite of next-generation,
cloud-based managed security services. 

The agreement between Verizon Business and McAfee extends significant value to
enterprise clients by providing comprehensive world-class security solutions and
services, including new cloud-based offerings. Building on both companies`
success in technology and security, McAfee and Verizon Business can deliver
solutions that effectively meet enterprise and government security challenges
ahead, especially as more communications functions move to the "cloud," or
network, to take advantage of faster implementation, enhanced security and lower
costs. 

"This strategic agreement with McAfee enables us to drive even more complete and
integrated IT solutions to enterprises across the world," said Kerry Bailey,
senior vice president of Verizon Business global solutions. "Verizon Business
will be able to expand and more fully touch every facet of enterprise security
so that enterprises can confidently do business in this digital age. Our newly
expanded and next-generation cloud capabilities will enable organizations to
better use security as a strategic tool and business enabler." 

"This agreement underscores the importance of delivering comprehensive security
solutions to meet the needs of business and government clients," said David
Scholtz, senior vice president of worldwide strategic alliances at McAfee. "The
complexities of today`s threats and turbulent economic times call for agreements
of this kind; where products from multiple providers are combined to help
improve our customers` investments and control their operational costs." 

Multi-Faceted Agreement Benefits Enterprises

The new agreement includes the following components:

* Verizon Business now offers the full complement of McAfee enterprise security
solutions to its diverse client base through Verizon`s customer premises
equipment (CPE) catalog. The new security offerings broaden the choice of
world-class security solutions available to Verizon Business` customers while
helping McAfee significantly expand its global distribution channel. 
* Starting this fall, Verizon Business will offer McAfee`s PCI (Payment Card
Industry) compliance services to banks and other organizations that support
merchants that handle fewer than 20,000 e-commerce transactions or up to 1
million credit card transactions each per year. This group of retailers, known
as Level 4 merchants, is at the greatest risk for a breach and represents 99
percent of all merchants and approximately one-third of all credit card
transactions. Previously, Verizon Business PCI compliance services were focused
on larger-volume merchants and associated banks. 
* McAfee customers will have access to Verizon Business` network of 1,200
security professionals who can help design, implement and integrate holistic
security solutions worldwide. 
* Together, McAfee and Verizon Business will offer a comprehensive portfolio of
managed security services (MSS) to enterprises, leveraging the strength of
Verizon Business` MSS offerings and McAfee`s technology. 
* Verizon Business will provide data center outsourcing services to McAfee.
Verizon Business will help McAfee consolidate its data centers, enabling McAfee
to further improve the 24/7 management of its Web hosting operations and better
position the company to deliver cloud-based solutions. 
* Verizon Business and McAfee will jointly develop and market a suite of
next-generation, cloud-based managed security solutions, expanding Verizon
Business` current portfolio of cloud-based security solutions.

Next Generation of Cloud-Based Security Products

The next-generation, cloud-based managed solutions that are being developed
under the agreement will leverage Verizon`s leading managed security services
platform, global IP infrastructure, advanced security operation centers,
expansive footprint of data centers and McAfee`s world-class security technology
powered by its Global Threat Intelligence. 

The new security services will be managed by Verizon Business and operated in
the cloud. The services will include a broad selection of security technologies,
including firewalls, intrusion prevention services, anti-malware, content
control and Secure Socket Layer (SSL) virtual private network (VPN). 

Ideal for highly distributed businesses, these new solutions will offer
enterprises a number of advantages, including strong security included with
their IP connectivity, tighter security integration with other protected assets,
and enhanced flexibility. These services are well- suited for the
small-to-medium enterprise, large enterprise and government agencies. 

Verizon and McAfee will offer these new solutions in North America, South
America, Europe and the Asia-Pacific region. 

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE:VZ), is a global leader
in communications and IT solutions. We combine professional expertise with one
of the world`s most connected IP networks to deliver award-winning
communications, IT, information security and network solutions. We securely
connect today`s extended enterprises of widespread and mobile customers,
partners, suppliers and employees- enabling them to increase productivity and
efficiency and help preserve the environment. Many of the world`s largest
businesses and governments - including 96 percent of the Fortune 1000 and
thousands of government agencies and educational institutions - rely on our
professional and managed services and network technologies to accelerate their
business. Find out more at www.verizonbusiness.com. 

About McAfee

McAfee, Inc. (NYSE:MFE), headquartered in Santa Clara, California, is the
world's largest dedicated security technology company. McAfee is committed to
relentlessly tackling the world's toughest security challenges. The company
delivers proactive and proven solutions and services that help secure systems
and networks around the world, allowing users to safely connect to the Internet,
browse and shop the web more securely. Backed by an award-winning research team,
McAfee creates innovative products that empower home users, businesses, the
public sector and service providers by enabling them to prove compliance with
regulations, protect data, prevent disruptions, identify vulnerabilities, and
continuously monitor and improve their security. http://www.mcafee.com

Forward-Looking Statements:

The information contained in this document is for informational purposes only
and should not be deemed an offer by McAfee or create an obligation on McAfee.
All statements other than statements of historical fact are statements that
could be deemed to be "forward-looking statements" under the federal securities
laws, including but not limited to, statements relating to the security software
industry and McAfee`s strategies, competitive market position, and products and
technologies including the release date of new products and technologies and
statements. These forward-looking statements are based on management`s current
expectations and are subject to known and unknown risks, uncertainties and
assumptions which may cause our results, performance and achievements to differ
materially from those expressed, including that McAfee may experience delays in
product development or the release of previously announced products. McAfee
reserves the right to discontinue products at any time, add or subtract features
or functionality, or modify its products, at its sole discretion, without notice
and without incurring further obligations. The forward-looking statements
contained in this release are also subject to the risks and uncertainties more
fully described in McAfee`s filings with the SEC. McAfee does not undertake to
update any forward looking statements. 

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts, high-quality video and images, and other
information are available at Verizon's News Center on the World Wide Web at
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Verizon Business
Janet Brumfield, 614-723-1060
janet.brumfield@verizon.com
Clare Ward, +44 (0) 118 905 3501
clare.ward@uk.verizonbusiness.com
Junaidah Dahlan, +65 6248 6827
junaidah.dahlan@sg.verizonbusiness.com
or
McAfee, Inc.
Joris Evers, 408-346-3310
joris_evers@mcafee.com
Sean Brooks, 415-618-8807
Sean.Brooks@redconsultancy.com

Copyright Business Wire 2009

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