NAI to buy Net monitoring software company

Network Associates Inc. (NAI) announced Monday it has agreed to purchase Traxess Inc., a company that develops software that allows businesses to monitor and store data on their employees' Internet activity.

Traxess, based in Lindon, Utah, developed DragNet, which allows network administrators or other IT staff to access a copy of Internet traffic across their corporate networks on storage subsystems created by Traxess. Users can re-create files sent through the network, read e-mail, or view Web files accessed by their employees.

NAI, based in Santa Clara, California, did not disclose financial terms of the purchase. The company will integrate the DragNet software into products from its Sniffer Technologies division, which makes network analysis software, by the second quarter of 2003, it said in a statement.

NAI has been involved in another technology purchase of late, attempting to bring its former subsidiary Corp. back under its umbrella.'s board of directors advised its shareholders Friday to accept NAI's latest offer, which will now be voted on by those shareholders.

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