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McAfee buys Stonesoft security for $389m

Intel still bankrolling fear mongering
Tue May 07 2013, 13:45
A McAfee logo

SECURITY VENDOR McAfee has bought software security firm Stonesoft to add to its range of network security products.

McAfee, which is owned by Intel, is one of the biggest security vendors but has so far been focused on end-point products such as anti-virus and firewall software that runs on consumer PCs. Now the firm has made a move to go deeper into the network, buying security software vendor Stonesoft for $389m in cash.

McAfee took the surprising decision to describe its rationale behind purchasing Stonesoft. The firm said network security will become a vital security component and cited analysts' comments on how the company is positioned in relation to its rivals, adding that Stonesoft's products will fit with McAfee's existing intrusion prevention and enterprise firewalling software.

McAfee president Michael DeCesare said, "Stonesoft is a leading innovator in this important market segment. We plan to integrate Stonesoft's offerings with other McAfee products to realize the power of McAfee's Security Connected strategy. Stonesoft products will benefit from the collective expertise of more than 7,200 McAfee employees.

"Leveraging McAfee's cloud-based Global Threat Intelligence service will provide our combined customers with unparalleled security."

McAfee's parent Intel has said that security will be a key part of its strategy in the future, however coming up to two years after the firm spent $7.6bn to buy McAfee it is still not clear how it will incorporate the firm's security software into its core silicon products.

Nevertheless, given McAfee's ability to spend a further $389m to buy another security vendor, it seems that Intel is happy to continue spending large amounts of money to build its security business. µ

 

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