McAfee announced it will acquire Finnish security firm Stonesoft for $389 million in cash.

In a statement, McAfee said it believes the acquisition will "extend its leadership position in network security." McAfee noted "Stonesoft's next-generation firewall" as one of the key ways it expects to grow its network security business.

Stonesoft's more than 6,500 customers around the world will be integrated into McAfee's customer base.

Intel ( INTC) purchased McAfee in 2011 for about $7.7 billion.


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-- Written by Brittany Umar.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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