Conversely, TunnelBear does sit well alongside McAfee’s consumer antivirus software business, for which the company is best-known. McAfee’s decision to buy a consumer-facing VPN provider does come as somewhat of a surprise, given that post-Intel spinoff it was said to be repositioning its enterprise business toward detection and the cloud. Filed in May 8 (2013), the TUNNELBEAR covers Downloadable computer software for enabling virtual private network. 11, a cloud access security broker startup that at its last round of funding was valued at $400 million, meaning McAfee likely paid somewhere north of that number in the deal. TUNNELBEAR is a trademark of MCAFEE, LLC. The deal comes a few months after McAfee announced its acquisition of Skyhigh Networks Nov. “TunnelBear has built an engaging and profitable direct-to-consumer brand, and we’re confident this acquisition will serve both our end users and partners by embedding its best-in-class, hardened network into our Safe Connect product,” McAfee Chief Executive Officer Christopher Young said in a statement. Post acquisition, TunnelBear will be integrated into McAfee’s existing Safe Connect VPN product although the brand and site will still continue to operate as a separate entity. Numbers are hard to come by, but TunnelBear claimed to “reach” 22 million people while McAfee noted that it is also profitable.įor McAfee, the acquisition is claimed to give the company world-class technology and a business that strategically aligns with its vision of protecting what matters most to its customers, including online behavior, personal data and sensitive information. Primarily targeted at consumers, plans start at 500 megabytes per month for free up to $9.99 per month for unlimited data, with a $4.99-a-month unlimited option if payment is made for a full year. , snapping up Canadian virtual private network provider TunnelBear Inc. today for an undisclosed amount.įounded in 2011, TunnelBear offers a two-switch VPN service that allows its users to access content across the world by providing access to location-restricted sites in specific countries. Android also supports many apps that allow you to configure VPN connections, such as TunnelBear (owned by McAfee and Hola Free VPN. That is why PIA is working to disintermediate that trust - this is our end goal and we are VERY close.Cybersecurity firm McAfee LLC has made its second acquisition following its spinoff from Intel Corp. In an open world where software is open source and all users and skeptics can check the source code, you can't say that the McAfee security team is a better team than the entire open source community.Ĭurrently, commercial VPN providers do require trust and we recognize that. We are against the concept and our actions have shown we do everything we can to fight the system that would try to have us log, too. We are honest and go to work everyday with the challenge of your privacy and the increasing national surveillance state in mind. It is important for everyone to do due diligence, remain skeptical, and do what is right for your threat model. To each person in their own individual circumstance there are different needs. TunnelBear will be integrated into McAfees own Safe Connect VPN service. Some people are better with a commercial VPN. McAfee, a security giant has acquired TunnelBear, a Canadian VPN service provider. I think it’s better advice to say that your threat model should take many things into consideration. Every time it happens, we turn around and donate to another non profit org we appreciate. We at Private Internet Access have walked away from countless buyout offers over the past years for hundreds of millions. I think there is something different here.
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