McAfee Completes Tender Offer of Stonesoft, Makes Next Generation Firewall Immediately Available

Europe, Finland, North America, United States

Reaches Major Milestone in Stonesoft Acquisition that Enhances Network Security Portfolio

08/07/2013 — SANTA CLARA, Calif. — (BUSINESS WIRE)

McAfee today reached a major milestone in its acquisition of Stonesoft Oyj by completing the tender offer that was announced on May 6. Stonesofts innovative, high performance technology meets the needs of distributed enterprises, both today and tomorrow, and its world-class next-generation firewall is positioned as visionary in the Gartner Magic Quadrant for Enterprise Network Firewalls. With the completion of the tender offer, Stonesoft is now a McAfee group company, and all Stonesoft products and technologies are part of the McAfee portfolio.

The enterprise network security equipment market is forecast to grow at a 7.0 percent compound annual growth rate (CAGR) during the next five years and reach $11.4 billion by 2017, according to Gartneri. With more than 7200 employees and its dedicated focus on security, McAfee already has a substantial presence in the network security space. With the addition of Stonesoft, the company expects to rapidly emerge as the leading provider of enterprise firewall technology. Organizations can benefit from McAfees Security Connected strategy, as Stonesofts products become integrated with other products from McAfees broad portfolio.

This acquisition provides McAfee with a clear competitive advantage in the network security space and the industry has taken notice, said Michael DeCesare, president of McAfee. We have received an overwhelmingly positive response from analysts and customers. With the addition of one of the industrys best next-generation firewalls, we now have one of the most complete and effective network security portfolios in the industry.

The Stonesoft team will become a part of the Network Security Business Unit led by Pat Calhoun. Based in Helsinki, Finland, Stonesoft is trusted by more than 6,500 customers around the globe. Stonesofts customer base can now benefit from an integrated, comprehensive security solution through McAfee.

McAfees Security Connected strategy brings together industry-leading solutions to address the increasing number of advanced threats facing businesses from the network to the cloud, said Ilkka Hiidenheimo, founder and chief executive officer of Stonesoft. With innovative technology that can be deployed as an appliance, as software or virtually, McAfees customers will be positioned to meet the high-performance needs of demanding, secure, distributed networks today and in the future.

About McAfee

McAfee, a wholly owned subsidiary of Intel Corporation (NASDAQ:INTC), empowers businesses, the public sector, and home users to safely experience the benefits of the Internet. The company delivers proactive and proven security solutions and services for systems, networks, and mobile devices around the world. With its Security Connected strategy, innovative approach to hardware-enhanced security, and unique Global Threat Intelligence network, McAfee is relentlessly focused on keeping its customers safe. http://www.mcafee.com

Note: McAfee is a trademark or registered trademark of McAfee, Inc. in the United States and other countries. Other names and brands may be claimed as the property of others.

i Gartner, Forecast Analysis: Enterprise Network Equipment, Worldwide, 1Q13 Update, Naresh Singh, et al, May 23, 2013.


CONTACT:

McAfee
Erica Coleman, 408-346-5624
erica_coleman@mcafee.com
or
Zeno Group
Greg Wood, 650-801-7958
greg.wood@zenogroup.com

 

KEYWORDS: United States Europe North America California Finland

INDUSTRY KEYWORDS: Technology Networks Software Security

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