McAfee declared that it has procured Canada’s virtual private system (VPN) organization, named TunnelBear. The terms of this arrangement were not unveiled.
Established in 2011, the Toronto-based TunnelBear VPN has picked up a strong notoriety for its fun, cross-platform application, in which users “bear-tunnelled” animations to convey online security to the majority of users.
The organization stated that around 20 million people have utilized this service for mobile and desktop, while a couple of months back it spread out into password administration with the release of the independent RememBear application.
Established in 1987, McAfee is a standout amongst the most settled brands in the online security domain and is seeming to be best known for its desktop antivirus software. The organization was obtained by Intel in 2010 for about $7.7 billion. It later happened to become known as Intel Security Group. This happened before the company was being spun out (a year ago) as an autonomous organization, with Intel holding a 49% share in the business.
This most recent arrangement speaks to McAfee’s second obtaining as a free organization after it purchased the cybersecurity supplier Skyhigh Networks in November.
TunnelBear hadn’t gone up against any known outside subsidizing, so McAfee is probably not going to have burned up all available resources over this procurement. Notwithstanding, TunnelBear had additionally beforehand uncovered that it is profitable, so it was likely in a position to hold up until the point when the offer was right.
About Safe Connect
In case you didn’t know, McAfee offers a VPN service, named Safe Connect, and it appears that McAfee wants to use TunnelBear’s “solidified system” there, too. VentureBeat has likewise affirmed with McAfee that it intends to keep the TunnelBear mark and other independent applications alive.