This site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.X

McAfee to acquire Stonesoft for £249 million

Share this article:
McAfee to acquire Stonesoft for £249 million
McAfee to acquire Stonesoft for £249 million

Stonesoft is to be purchased by McAfee in a deal worth £249 million.

Intel-owned McAfee said that it had "announced the execution of a definitive agreement to initiate a conditional tender offer for the acquisition of Stonesoft". The move will boost McAfee's network security business, adding Stonesoft's next-generation firewall to its IPS Network Security Platform and Firewall Enterprise for the high assurance market segment.

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

Michael DeCesare, McAfee president, said: “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.

“Stonesoft is a leading innovator in this important market segment. We plan to integrate Stonesoft's offerings with other McAfee products to realise 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.”

Share this article:

SC webcasts on demand

This is how to secure data in the cloud


Exclusive video webcast & Q&A sponsored by Vormetric


As enterprises look to take advantage of the cloud, they need to understand the importance of safeguarding their confidential and sensitive data in cloud environments. With the appropriate security safeguards, such as fine-grained access policies, a move to the cloud is as, or more, secure than an on-premise data storage.


View the webcast here to find out more

More in News

StubHub ticketing agency taken for a million pounds

StubHub ticketing agency taken for a million pounds

Police around the world have arrested seven people - thought to have been tied into an international fraud ring - that allegedly defrauded the eBay-owned StubHub online ticketing service of ...

DDoS attacks grow as first DIY kits emerge

DDoS attacks grow as first DIY kits emerge

The latest report from Akamai Technologies has revealed another increase in DDoS attacks and the resurgence of botnets to carry out server-based attacks.

WordPress plugin flaw opens blogs up to cybercriminals

WordPress plugin flaw opens blogs up to cybercriminals

A WordPress plugin called MailPoet - which has been downloaded around 1.7 million times - has placed large numbers of WordPress-based websites at risk of incursion.