EDITOR’S QUESTION
HOW ARE SECURITY
SOLUTIONS BECOMING
MORE UTILISED FOR
THE PROTECTION OF
ONLINE DATA?
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M
cAfee, the device-to-cloud
cybersecurity company, has
announced the close of its
acquisition of TunnelBear, a leading
consumer VPN company, for an
undisclosed amount.
As the risks of connecting to public Wi-Fi
grow, people are becoming more aware
of the security implications. Recent
McAfee survey data revealed that 58% of
respondents know how to check if a Wi-Fi
network is safe to use, but less than half take
the time to do so and only 19% currently
own a personal VPN solution. This highlights
the need for a solution that addresses the
wants of consumers and partners who
understand that security must be built in
from the start.
The acquisition of TunnelBear gives McAfee
a world-class technology and business
that strategically aligns with its vision
of protecting what matters most to its
customers, including online behaviour,
personal data and sensitive information.
Combining TunnelBear’s secure network
with an intuitive interface will help keep
customers’ data secure on public Wi-Fi and
web browsing private from advertisers with
the ability to block intrusive ads.
“TunnelBear has built an engaging and
profitable direct-to-consumer brand
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and we’re confident this acquisition will
serve both our end users and partners by
embedding its best-in-class, hardened
network into our Safe Connect product,”
said Christopher Young, Chief Executive
Officer, McAfee. “This investment is
strategic for McAfee’s consumer business
as it further showcases our commitment to
help keep our customers’ online data and
browsing private and more secure at a time
when the threat landscape is growing in
volume, speed and complexity.”
“McAfee’s acquisition of TunnelBear is
an exciting opportunity for our company.
TunnelBear will continue to develop the
products our customers have come to love,
now with the backing and resources of a
leading cybersecurity company,” said Ryan
Dochuk, Co-founder, TunnelBear.
“McAfee shares our passion to help everyone
browse a more secure and private Internet.
The acquisition provides us with the resources
to develop our service, expand into new
regions and continue leadership of privacy
and security practices in the VPN industry.”
The move comes a little over two
months after McAfee closed on its
acquisition of Skyhigh Networks, further
demonstrating its commitment to being
one of the world’s leading device-to-cloud
cybersecurity companies.
www.intelligentcio.com