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McAfee to acquire Stonesoft for £249 million

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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.”

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