McAfee to acquire Stonesoft for $389m
Deal to buy next generation firewall specialist will extend McAfee's network security business
McAfee has announced that it intends to buy next generation firewall specialist Stonesoft, for approximately $389m in cash.
The deal would give McAfee access to Finnish company Stonesoft's product portfolio of next-generation firewalls, evasion prevention systems, and SSL VPN solutions.
The acquisition will help McAfee grow its network security business, the company said, by delivering the industry's most complete network security solution with three leading platforms, McAfee's IPS Network Security Platform, McAfee's Firewall Enterprise for the high assurance market segment, and Stonesoft's next-generation firewall.
"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."
"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."