Intel's McAfee Buys Cloud-Based, Networked Firewall Specialist Stonesoft For $389M In Cash

McAfee, the Intel-owned security specialist, has just announced that it is buying Stonesoft Oyj,a Finland-based specialist in firewall protection products, for $389 million in cash. The move will let McAfee expand its product line specifically in cloud-based networked security products, to complement the antivirus services for which McAfee is best known. It comes at a time when PCs are sitting side by side with other kinds of devices like tablets and smartphones on networks, and more information is moving off devices and on to networked, cloud-based systems. “With the pending addition of Stonesoft’s products and services, McAfee is making a significant investment in next-generation firewall technology. These solutions anticipate emerging customer needs in a continually evolving threat landscape,” said Michael DeCesare, McAfee President, in a statement. “Stonesoft is a leading innovator in this important market segment.” He added that McAfee will integrate Stonesoft’s products ...

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