McAfee Completes Tender Offer of Stonesoft

McAfee today reached a major milestone in its acquisition of Stonesoft Oyj by completing the tender offer that was announced on May 6. Stonesoft's innovative, high performance technology meets the needs of distributed enterprises, both today and tomorrow, and its world-class next-generation firewall is positioned as “visionary” in the Gartner Magic Quadrant for Enterprise Network Firewalls. With the completion of the tender offer, Stonesoft is now a McAfee group company, and all Stonesoft products and technologies are part of the McAfee portfolio. The enterprise network security equipment market is forecast to grow at a 7.0 percent compound annual growth rate (CAGR) during the next five years and reach $11.4 billion by 2017, according to Gartneri.