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McAfee to acquire Stonesoft

Posted on 6-May-2013 20:33 | Filed under: News

McAfee has announced plans to initiate a conditional tender offer for the acquisition of Stonesoft Oyj , a company designing next-generation network firewall products. The transaction is valued at approximately US$389 million in cash.

Stonesoft delivers software-based, dynamic, customer-driven, cyber security solutions to secure information flow and simplify security management. Stonesoft�s product portfolio of next-generation firewalls, evasion prevention systems, and SSL VPN solutions addresses businesses of all sizes.

�With the pending addition of Stonesoft�s products and services, McAfee is making a significant investment in next-generation firewall technology. These solutions anticipate emerging customer needs in a continually evolving threat landscape,� said Michael DeCesare, McAfee President. �Stonesoft is a leading innovator in this important market segment. We plan to integrate Stonesoft�s offerings with other McAfee products to realize the power of McAfee�s Security Connected strategy. Stonesoft products will benefit from the collective expertise of more than 7,200 McAfee employees. Leveraging McAfee�s cloud-based Global Threat Intelligence service will provide our combined customers with unparalleled security.�

Based in Helsinki, Finland, Stonesoft is trusted by more than 6,500 customers across the globe. Stonesoft�s customer base can now benefit from an integrated, comprehensive security solution through McAfee. Similarly, McAfee�s extensive, global customer base will benefit from access to a highly-innovative next-generation firewall. Stonesoft�s innovative next-generation firewall, when combined with McAfee�s market leading IPS and high assurance firewall, provides customers with one of the most complete network security portfolios in the industry.

�The combination of the two companies allows Stonesoft to benefit from McAfee�s global presence and sales organization of over 2,200 employees, best-in-class threat research and technology synergies� said Ilkka Hiidenheimo, Chief Executive Officer of Stonesoft. �Combined, we believe we can offer our customers a world-class product portfolio with world-class support � all backed by Intel.�