<img title="Image: http://www.myvivvo.com/thumbnail.php?file=summit_mcafee_868365864.jpg&amp;size=article_medium" src="http://www.myvivvo.com/thumbnail.php?file=summit_mcafee_868365864.jpg&amp;size=article_medium" alt="McAfee likes small not big deals">
										
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								<span>NEW YORK (Reuters) - McAfee Inc, the No. 2 security software 
maker, likes small and medium-sized acquisitions of up to about $350 
million and sees no need for a transformative deal to challenge larger 
rival Symantec Corp.<br><br>McAfee Chief Executive Dave DeWalt said on 
Wednesday he aims to accelerate revenue growth in 2009 and 2010 beyond 
the company's target of mid-teens percentage growth for 2008.<br><br>Growth
 should come through a combination of new products, partnerships with 
technology companies, and acquisitions like the 
$50-million-to-$350-million deals McAfee has made in the past, DeWalt 
said at the Reuters Global Technology, Media and Telecoms Summit in New 
York.<br><br>"We don't necessarily need to acquire large to do this. 
This is a strategy for us where acquiring technologies and building and 
partnering is clearly a path that we can create to grow the company to 
much more sizable than it is today," he said.<br><br>"We tend to do two 
to three acquisitions a year. We've been consistent with that," said 
DeWalt, a sports enthusiast who competes in triathlons. "We continue to 
like to do what we call small and medium-sized acquisitions."<br><br>The
 CEO, who has been with McAfee for about 14 months, said that security 
software has so far proven to be recession-proof because customers need 
to protect against viruses and data theft in rough times as much as when
 the economy is strong.<br><br>But he cautioned that his company could see a fallout down the road from the economic slump in the United States.<br><br>"Am I nervous? Do I read the headlines too? Yes," he said.<br><br>Still, DeWalt noted that the company has posted three accelerating growth quarters in a row.<br><br>"We
 certainly see '09 and 2010 as very strong growth years for the company 
with a lot of the partnerships we set up, a lot of the model changes we 
had," DeWalt said. "Certainly, it's hard to forecast how the economy and
 things will be; but certainly we put a lot of growth drivers in the 
business to really accelerate growth even more."<br><br>McAfee plans to introduce a variety of new products over the coming quarters to build new revenue streams.<br><br>One
 area with great potential is protecting data centers that use 
virtualization technology to boost the efficiency of their servers and 
storage equipment, he said.<br><br>Products in these areas are in the 
works, including ones that will scan traffic before it is stored and 
scan data used by applications from giant German software company SAP 
AG.</span>
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