McAfee to buy network firewall maker Stonesoft for $389 million

Infotech Lead America: McAfee is set to buy Stonesoft, a global provider of network firewall products, for $389 million in cash.

Announcing the execution of a definitive agreement to initiate a conditional tender offer for Stonesoft, the Intel-owned McAfee said that this is a significant investment in next-generation firewall technology.

Michael DeCesare, president, McAfee, said: “We plan to integrate Stonesoft’s offerings with other McAfee products to realize the power of McAfee’s Security Connected strategy.

The acquisition of Stonesoft enables McAfee to grow its network security business.

Recently, McAfee was named as a leader in the email content security category and cited as having strong data loss prevention (DLP) and reporting capabilities as well as very strong performance and operation solutions, according to Forrester.

Stonesoft’s 6,500 plus customers can benefit from a comprehensive security solution through McAfee.

McAfee’s earlier acquisitions include: enterprise gateway security company Secure Computing for $465 million in 2008; software security provider Safeboot for $350 in 2007; Web security services company My Logic for $140 million in 2009; IT Compliance and Security company Solid Core for $47 million in 2009 and software developer Sentrigo in 2011.

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