McAfee buys Finland firewall firm Stonesoft

The McAfee logo outside the company's headquarters August 19, 2010 in Santa Clara, California
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 ., 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 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

Citation: McAfee buys Finland firewall firm Stonesoft (2013, May 6) retrieved 18 July 2024 from https://phys.org/news/2013-05-mcafee-finland-firewall-firm-stonesoft.html
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