This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

McAfee today reached a major milestone in its acquisition of Stonesoft Oyj by completing the tender offer that was announced on May 6. Stonesoft’s 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 Gartner i. 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 McAfee’s Security Connected strategy, as Stonesoft’s products become integrated with other products from McAfee’s 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 industry’s 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. Stonesoft’s customer base can now benefit from an integrated, comprehensive security solution through McAfee.

“McAfee’s 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, McAfee’s customers will be positioned to meet the high-performance needs of demanding, secure, distributed networks today and in the future.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs