McAfee

(McAfee)

McAfee to Buy Firewall Maker Stonesoft for $389M in Cash

By FOXBusiness

Intel’s (INTC) cyber security wing McAfee inked a deal on Monday to buy Finnish next-generation firewall maker Stonesoft for $389 million in cash.

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The deal, which comes as cyber security continues to be pushed to the forefront of corporate strategy, is expected to help further enhance McAfee’s network security pipeline, particularly in next-generation firewall and cloud-based security technologies.

“These solutions anticipate emerging customer needs in a continually evolving threat landscape," McAfee President Michael DeCesare said in a statement.

McAfee intends to integrate Stonesoft's offerings with other McAfee products, leveraging McAfee's cloud-based Global Threat Intelligence service and integrating Stonesoft’s 6,500 customers.