McAfee will pay $389 million to pick up software security provider Stonesoft.
Stonesoft delivers software-based cyber security solutions to secure information flow and 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,” said Michael DeCesare, McAfee president. “These solutions anticipate emerging customer needs in a continually evolving threat landscape.”
“We plan to integrate Stonesoft’s offerings with other McAfee products to realize the power of McAfee’s Security Connected strategy,” he said.
The rationale for the proposed acquisition is as follows:
• Network security is a vital component of a comprehensive security solution. Next-generation firewalls solve critical customer needs and represent one of the fastest growing market segments in network security.
• Stonesoft is a strong player in the next-generation firewall segment.
• With Stonesoft, McAfee expects to grow its network security business by delivering three platforms: McAfee’s IPS Network Security Platform, McAfee’s Firewall Enterprise for the high assurance market segment, and Stonesoft’s next-generation firewall.
“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, Stonesoft chief executive. “Combined, we believe we can offer our customers a world-class product portfolio with world-class support – all backed by Intel.” Intel purchased McAfee just a bit under three years ago.