Pending Acquisition Expected to Extend the Success of McAfee's Security
Connected Strategy
Helsinki, Finland - May 6, 2013 - McAfee and Stonesoft Corporation today
announced the execution of a definitive agreement to initiate a conditional
tender offer for the acquisition of Stonesoft Corporation (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
unparalleled security."
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 next-
generation firewall.
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
reference http://www.mcafee.com/us/about/mcafee-stonesoft.aspx.
Media Contacts:
Tracy Ross                                       Ari Vänttinen
McAfee, Inc. Stonesoft
Tracy_Ross@mcafee.com ari.vanttinen@stonesoft.com
408-346-5965 +358-(0)40- 5959577
Sal Viveros Trey Campbell
McAfee, Inc. Intel Investor Relations
Sal_Viveros@mcafee.com trey.s.campbell@intel.com
+44 7921 891 506 503-696-0431
About McAfee
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. http://www.mcafee.com.
About Intel
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.
Forward-Looking Statements
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.
About Stonesoft Corporation
Stonesoft Corporation (NASDAQ OMX: SFT1V) 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. Stonesoft leads research into
advanced cyber threats and the advanced evasion techniques (AETs) used in
stealth, targeted cyber attacks.
The company's product portfolio is based on one unified Security Engine software
platform that is the power behind Stonesoft's next generation firewalls,
intrusion and evasion prevention systems, and SSL VPN solutions. The Security
Engine back-end is augmented by the Stonesoft Management Center front-end, which
enables efficient management of entire networks and brings excellent situational
awareness and operational cost savings.
Stonesoft's customer base covers more than 6,500 mid and large-sized
organizations across various industries and geographical markets. Stonesoft has
the highest customer retention rate in the industry due to low TCO, a flexible
licensing model, and overall customer service excellence. Founded in 1990, the
company's track record is well recognized and visionary by certifiers, industry
analysts and demanding customers. Stonesoft is headquartered in Helsinki,
Finland. For more information visit www.stonesoft.com.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stonesoft Oyj via Thomson Reuters ONE
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