Cybersecurity magnate McAfee acquires VPN company TunnelBear
Date: 2018-03-11   Author: Paroma Bhattacharya  Category: #news

Cybersecurity magnate McAfee acquires VPN company TunnelBear

McAfee, one of the reputed cybersecurity giants, has recently acquired TunnelBear, a consumer VPN company for an undisclosed amount. The acquisition of TunnelBear will align McAfee’s vision of protecting customer information which includes sensitive data, online behavior and personal information. McAfee apparently will combine the secure network of TunnelBear with an intuitive interface that will keep customer data secure while browsing the web or while using public Wi-Fi.

According to the survey data collected by McAfee, 58% of respondents know how to check Wi-Fi for safety but more than half of them simply do not take the time to do so. Moreover, only 19% of respondents own a VPN solution. The data highlighted the need for a solution that will address the needs of consumers and partners who recognize the significance of a security solution, cite sources.

Christopher Young, CEO, McAfee, reportedly said that the investment is strategic for the company as it further underlines McAfee’s commitment to keeping consumer data private. As the threat landscape is expanding at an alarming volume, the acquisition of TunnelBear will help the end users of both partners to receive enhanced security through the embedding of TunnelBear’s hardened network in McAfee’s Safe Connect product, claim reports.

Ryan Dochuk, co-founder of TunnelBear stated that the company will continue to develop products that are popular among its customers. Now however, it will be made better with the backing and resources of McAfee. He added that TunnelBear and McAfee share the passion for cyber security and internet privacy. The acquisition will enable TunnelBear to develop its services, undertake regional expansion and continue to lead privacy practices in the VPN industry, he further claims.

The acquisition of TunnelBear comes on the heels of the takeover of Skyhigh Networks by McAfee, which was again a commendable deal that demonstrated McAfee’s commitment to be a leader in the device-to-cloud cybersecurity industry.



About Author


Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for AlgosOnline. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields. Apart from...

Read More

More from Paroma


Post Recommendents

Lime scooters threatened with removal from Auckland over safety issues
Author: Paroma Bhattacharya

New Zealand’s transport authorities have reportedly issued an urgent warning against Lime scooters, over serious technical glitches. As per trusted sources, Auckland’s head of transport has warned the compa...


Binance introduces testnet of its decentralized crypto trading service
Author: Pankaj Singh

Global cryptocurrency exchange Binance has recently launched an initial version of its long expected decentralized crypto exchange service (dex). Apparently, launch of the service, currently in testnet phase, has been ...


Flare Tips Market Size Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast to 2025
Author: Partha Ray

The report on Flare Tips market released by Market Study Report, LLC, depicts the current & future growth trends of this business besides outlining details pertaining to the myriad geographies that are a part of the regional landscape of Flare Tip...