McAfee buys Finland firewall firm StonesoftMay 6th, 2013 in Technology / Business
The McAfee logo outside the company's headquarters in Santa Clara, California. US Internet security firm McAfee said Monday it was buying Finnish-based firewall specialist Stonesoft Oyj in a deal worth $389 million.
US Internet security firm McAfee said Monday it was buying Finnish-based firewall specialist Stonesoft Oyj in a deal worth $389 million.
The deal gives McAfee, a unit of chipmaker Intel Corp., an expanded portfolio of next-generation firewalls and other products for network security, a joint statement said.
"With the pending addition of Stonesoft's products and services, McAfee is making a significant investment in next-generation firewall technology," said McAfee president Michael DeCesare.
"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."
Based in Helsinki, Finland, Stonesoft has some 6,500 customers across the globe.
© 2013 AFP
"McAfee buys Finland firewall firm Stonesoft." May 6th, 2013. http://phys.org/news/2013-05-mcafee-finland-firewall-firm-stonesoft.html