McAfee to Acquire Stonesoft; Transaction to Strengthen Network Security
Portfolio with Next-Generation Firewall
Pending Acquisition Expected to Extend the Success of McAfee’s Security
SANTA CLARA, Calif. -- May 6, 2013
McAfee today announced the execution of a definitive agreement to initiate a
conditional tender offer for the acquisition of Stonesoft Oyj (NASDAQ OMX
Helsinki: SFT1V), a leading innovator in next-generation network firewall
products, for an aggregate equity value of approximately $389 million in cash.
Stonesoft delivers software-based, dynamic, customer-driven, cyber security
solutions to secure information flow and simplify security management.
Stonesoft’s product portfolio of next-generation firewalls, evasion prevention
systems, and SSL VPN solutions addresses businesses of all sizes. Through the
pending acquisition of Stonesoft, McAfee expects to extend its leadership
position in network security.
“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. “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
The rationale for the proposed acquisition is as follows:
*Network security is a vital component of a comprehensive security
solution. Next-generation firewalls solve critical customer needs and
represent one of the fastest growing market segments in network security.
*Stonesoft is a leading innovator in the next-generation firewall segment.
Gartner positioned the company as “visionary” in the 2013 Network Security
Firewall Magic Quadrant. Stonesoft achieved “Recommend” status in NSS
Labs’ latest 2013 firewall tests.
*With Stonesoft, McAfee expects to grow its network security business by
delivering the industry’s most complete network security solution with
three leading platforms: McAfee’s IPS Network Security Platform, McAfee’s
Firewall Enterprise for the high assurance market segment, and Stonesoft’s
Based in Helsinki, Finland, Stonesoft is trusted by more than 6,500 customers
across the globe. Stonesoft’s customer base can now benefit from an
integrated, comprehensive security solution through McAfee. Similarly,
McAfee’s extensive, global customer base will benefit from access to a
highly-innovative next-generation firewall. Stonesoft’s innovative
next-generation firewall, when combined with McAfee’s market leading IPS and
high assurance firewall, provides customers with one of the most complete
network security portfolios in the industry.
“The combination of the two companies allows Stonesoft to benefit from
McAfee’s global presence and sales organization of over 2,200 employees,
best-in-class threat research and technology synergies,” said Ilkka
Hiidenheimo, Chief Executive Officer of Stonesoft. “Combined, we believe we
can offer our customers a world-class product portfolio with world-class
support – all backed by Intel.”
For additional information, please
McAfee, a wholly owned subsidiary of Intel Corporation (NASDAQ: INTC),
empowers businesses, the public sector, and home users to safely experience
the benefits of the Internet. The company delivers proactive and proven
security solutions and services for systems, networks, and mobile devices
around the world. With its Security Connected strategy, innovative approach to
hardware-enhanced security, and unique Global Threat Intelligence network,
McAfee is relentlessly focused on keeping its customers safe.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company
designs and builds the essential technologies that serve as the foundation for
the world’s computing devices. Additional information about Intel is available
at newsroom.intel.com and blogs.intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in the United
States and other countries.
About Stonesoft Corporation
Stonesoft Corporation delivers software based, dynamic, customer-driven cyber
security solutions that secure information flow and simplify security
management. Stonesoft serves private and public sector organizations that
require high availability, ease-of-management, compliance, dynamic security,
protection of critical digital assets, and business continuity against today’s
rapidly evolving cyber threats. The company leads research into advanced cyber
threats and the advanced evasion techniques (AETs) used in stealth, targeted
cyber attacks. For more information visit. www.stonesoft.com.
This document contains forward-looking statements based on current
expectations or beliefs, as well as a number of assumptions about future
events, and these statements are subject to factors and uncertainties that
could cause actual results to differ materially from those described in the
forward-looking statements. The reader is cautioned not to put undue reliance
on these forward-looking statements, which are not a guarantee of future
performance and are subject to a number of uncertainties and other factors,
many of which are outside the control of McAfee or Intel.
Information About the Tender Offer
THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION
WHERE PROHIBITED BY APPLICABLE LAW AND, WHEN PUBLISHED, THE TENDER OFFER
DOCUMENT AND RELATED ACCEPTANCE FORMS WILL NOT AND MAY NOT BE DISTRIBUTED,
FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY
APPLICABLE LAW. IN PARTICULAR, THE TENDER OFFER IS NOT BEING MADE, DIRECTLY OR
INDIRECTLY, IN OR INTO, OR BY USE OF THE POSTAL SERVICE OF, OR BY ANY MEANS OR
INSTRUMENTALITY (INCLUDING, WITHOUT LIMITATION, FACSIMILE TRANSMISSION, TELEX,
TELEPHONE OR THE INTERNET) OF INTERSTATE OR FOREIGN COMMERCE OF, OR ANY
FACILITIES OF A NATIONAL SECURITIES EXCHANGE OF, THE UNITED STATES, CANADA,
JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. THE TENDER OFFER CANNOT BE
ACCEPTED BY ANY SUCH USE, MEANS OR INSTRUMENTALITY OR FROM WITHIN THE UNITED
STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG.
Note: McAfee is a trademark or registered trademark of McAfee, Inc. in the
United States and other countries. Other names and brands may be claimed as
the property of others.
Tracy Ross, 408-346-5965
Sal Viveros, +44 7921 891 506
Ari Vanttinen, +358-(0)40- 5959577
Trey Campbell, 503-696-0431
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