McAfee recently announced that it has entered into a definitive agreement to initiate a conditional tender offer for the acquisition of Stonesoft, a leading next-generation network firewall products company, for an aggregate equity value of approximately $389 million in cash.
Stonesoft delivers software-based, dynamic, customer-driven, cyber security solutions through its product portfolio of next-generation firewalls, evasion prevention systems, and SSL VPN solutions addresses. Through this acquisition , McAfee expects to extend its leadership position in network security.
“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.”
With the acquistion, the company expects to grow its network security business by delivering a 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.
Based in Helsinki, Finland, Stonesoft is has more than 6,500 customers across the globe. McAfee believes Stonesoft’s customer base will 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.
