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McAfee aims smaller acquisitions to achieve growth target

In a recent interview he gave to Reuters, McAfee CEO Dave DeWalt said that his organization is looking forward to acquisition deals not beyond $350-million.

Dave maintained that the company needn't to itself involve into large scale acquisitions in order to achieve its revenue growth targets for 2008-09.

He also put forward the strategic significance of acquisitions and partnering in the comprehensive growth of the company.

The recent slump in the U.S. economy hasn't affected McAfee much but it foresees possible fallout in future if the current recession continues.

To tide over any potential future the company is aiming at fast paced growth and is looking at new products, partnerships and acquisitions as key drivers.

It also plans to bring in solutions that are designed to safeguard data centers based on virtualization technology, as one of the key areas for revenue generation.

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.