McAfee today announced an agreement to acquire next-gen firewall maker Stonesoft in a deal valued at approximately...
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$389 million in cash.
The move follows on the heels of McAfee's move last week to formalize its position in the identity and access management, or IAM, arena by relaunching two formerly Intel-driven products under the McAfee name. McAfee was acquired by Intel in 2011.
McAfee President Michael DeCesare says the company plans "to integrate Stonesoft's offerings with other McAfee products to realize the power of McAfee's Security Connected strategy. Leveraging McAfee's cloud-based Global Threat Intelligence service will provide our combined customers with unparalleled security."
Writing on his blog, Pat Calhoun, McAfee's senior vice president and general manager of network security, says, "With Intel's backing, we can now provide two leading firewall solutions that will be a critical layer in our Security Connected strategy. This investment in Stonesoft will also allow us to focus our resources on evolving our IPS platform to be the market-leading solution to help businesses defend against the most sophisticated and advanced threats."
Based in Helsinki, Finland, Stonesoft was founded in 1990. It currently claims over 6,500 customers worldwide.