On September 4, 2008, Secure Computing Corporation (the “Company”) completed the sale of its identity and access management (“IAM”) product line and certain other assets, leases and contracts relating to the IAM product line (collectively, the “IAM Assets”) to Aladdin Knowledge Systems Ltd. (“Aladdin”) pursuant to that certain Asset Purchase Agreement (the “Asset Purchase Agreement”) by and between the Company and Aladdin dated as of July 29, 2008. The purchase price for the IAM Assets was $63,020,163, after inventory-related adjustments and the payment by Aladdin of certain transaction costs of the Company (the “Purchase Price”). Of the Purchase Price, $8,562,363 was deposited with an escrow agent to be available to satisfy amounts owed by the Company to Aladdin under the Asset Purchase Agreement in accordance with the terms of an escrow agreement. Prior to the completion of the sale, no known material relationship existed between the Company and Aladdin, or between Aladdin and any of the Company’s affiliates, directors or officers, or any associate of such directors or officers.

A copy of the Asset Purchase Agreement was attached as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 31, 2008 and is incorporated herein by reference.

(b) Pro Forma Financial Information.

The pro forma financial information with respect to the transaction described in Item 2.01 is filed as Exhibit 99.1 and is incorporated herein by reference.

(d) Exhibits.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 10, 2008

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