Company History
In 1984, a research group called the Secure Computing Technology Center (SCTC) was formed at Honeywell in Minneapolis, Minnesota. The centerpiece of SCTC was its work on security-evaluated operating systems for the NSA. This work included the Secure Ada Target (SAT) and the Logical Coprocessing Kernel (LOCK), both designed to meet the stringent A1 level of the Trusted Computer Systems Evaluation Criteria (TCSEC).
Secure Computing morphed itself from a small defense contractor into a commercial product vendor over the next several years. This was largely driven by the investment community, which was much less interested in purchasing security goods from defense contractors than from commercial product vendors, especially vendors in the growing Internet space.
Secure Computing became a publicly traded company in 1995. Following the pattern of other Internet-related startups, the stock price tripled its first day: it opened at $16 a share and closed at $48. The price peaked around $64 in the next several weeks and then collapsed over the following year or so. It ranged between roughly $3 and $20 afterward until the company was purchased by McAfee.
The company headquarters were moved to San Jose, California in 1998, though the bulk of the workforce remained in the Twin Cities. The Roseville employees completed a move to St. Paul, Minnesota in February 2006. Several other sites now exist, largely the result of mergers (described below).
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