14 DAY TRIAL // Intel-owned McAfee has announced that it has completed the tender offer for Finland-based cyber security company Stonesoft. Stonesoft has now become a McAfee group company.
Stonesoft’s products and technologies are part of McAfee’s portfolio. As such, McAfee says Stonesoft’s “visionary” next-generation firewall is immediately available to customers.
“This acquisition provides McAfee with a clear competitive advantage in the network security space and the industry has taken notice,” said Michael DeCesare, president of McAfee.
“We have received an overwhelmingly positive response from analysts and customers. With the addition of one of the industry’s best next-generation firewalls, we now have one of the most complete and effective network security portfolios in the industry.”
Ilkka Hiidenheimo, founder and CEO of Stonesoft, noted, “McAfee’s Security Connected strategy brings together industry-leading solutions to address the increasing number of advanced threats facing businesses from the network to the cloud.”
He added, “With innovative technology that can be deployed as an appliance, as software or virtually, McAfee’s customers will be positioned to meet the high-performance needs of demanding, secure, distributed networks today and in the future.”
TNW reveals that McAfee has agreed to pay $389 million (€303 million) for Stonesoft.