![]() ![]() TPG declined to comment in response to the Wall Street Journal’s report, and McAfee did not respond to requests for comment. Security giant McAfee is acquiring Canadian VPN provider TunnelBear. While the Wall Street Journal’s unnamed sources indicated that TPG and Intel are seriously looking into an IPO listing, they say that a sale to a private buyer (including Thoma Bravo) is also a possibility. The recent boost in cash flow and the influx of new capital provided by an IPO could mean that Intel-which still holds 49 percent of McAfee-could finally make money on the deal. The company acquired both VPN provider TunnelBear and cloud-security firm Skyhigh Networks last year. ![]() However, in recent year, McAfee has successfully boosted its cash flows thanks to strategic acquisitions and changes to its overall business strategy under current CEO Chris Young. Private equity firm Thoma Bravo acquired a minority stake in the company the following year. In 2016, Intel sold a 51 percent stake to TPG for $3.1 billion, giving McAfee an enterprise value of just $4.2 billion the jointly-owned company returned to the McAfee name. McAfee first went public in a $75 million IPO in 1999 and remained in active trading until Intel bought the company for $7.6 billion in 2011 and rebranded it Intel Security. ![]() To answer your other question, many people have been switching to PIA, private internet access, as an ALT to tunnelbear. For example, cybersecurity firm CrowdStrike-known for its Falcon cloud security platform-successfully went public in May and has seen its share price double following its IPO. I don’t know about before the acquisition, but since McAfee is an American company, having been acquired by them has raised questions and concerns about the privacy of US based users. And security giant McAfee has acquired the Canadian-based company, with plans to integrate the VPNs technologies into the. The first half of the year saw the highest volume of such offerings in almost two decades as companies like McAfee are experiencing a boost in investor interest. In August 2019, McAfee acquired NanoSec, a container security company. In July 2019, Uplevel Security, a data analytics company using graph theory and machine learning, announced it had been acquired by McAfee. If McAfee does indeed go through with a planned IPO listing, it would do so in a year that has be unusually active for tech IPOs. In March 2018, McAfee acquired TunnelBear, a Canadian VPN service. The anti-virus software company, which is currently owned by private equity firm TPG Capital and Intel, could expect to raise $1 billion at a $5 billion valuation, according to the Journal. According to unnamed sources cited by the Wall Street Journal, cybersecurity firm McAfee may be preparing for a return to the public markets with an IPO listing later this year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |