McAfee announced the acquisition of Stonesoft via the completion of the tender offer that was announced last May 6.
Stonesoft's high performance and innovative technology is set to meet the needs of distributed enterprises. Their world-class next-generation firewalls positioned are termed as "visionary" by the Gartner Magic Quadrant for Enterprise Network Firewalls.
With the conclusion of the tender offer, Stonesoft is now under the McAfee group company. All Stonesoft products and technologies will be part of the McAfee portfolio. The enterprise network security equipment market is forecasted to grow at least 7.0 percent compound annual growth rate during the next five years and is estimated to reach US$11.4 billion by 2017.
Michael DeCesare, president of McAfee said, "This acquisition provides McAfee with a clear competitive advantage in the network security space and the industry has taken notice. 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."
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