Cybersecurity company McAfee have acquired VPN facilitator TunnelBear in a bid to protect public Wi-Fi connections. With this acquisition, McAfee will strengthen their consumer business portfolio by leveraging TunnelBear’s direct-to-consumer offerings.
According to McAfee, connecting to public Wi-Fi is becoming increasingly risky and a majority of users are still unaware of ways to safely connect to the same. They also say that coming up with a solution that addresses this concern was of prime importance.
McAfee say that the acquisition deal was sealed as a result of a shared vision for cybersecurity and strategic alignment with their business goals. Explaining the same in detail, Christopher Young, Chief Executive Officer at McAfee, commented:
TunnelBear has built an engaging and profitable direct-to-consumer brand, 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.
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.
TunnelBear say that they are looking forward to partner with the cybersecurity giants. Expanding on this, Christopher Young, Chief Executive Officer at McAfee, commented:
TunnelBear has built an engaging and profitable direct-to-consumer brand, 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.
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.
The deal follows McAfee’s acquisition of Skyhigh Networks. It will be interesting to see how McAfee makes the most out of these two back-to-back acquisitions.