TPG's McAfee acquires VPN company TunnelBear
McAfee Inc earlier this month acquired TunnelBear Inc, a Toronto-based virtual private network service provider. No financial terms were disclosed. TunnelBear was founded in 2011 by CEO Ryan Dochuk and CTO Daniel Kaldor. McAfee, a U.S. device-to-cloud cybersecurity company, said the acquisition represents a strategic investment in its consumer business. Last April, U.S. private equity firm TPG Capital acquired a majority stake in McAfee from Intel Corp, a deal that valued the former company at US$4.2 billion. Thoma Bravo joined as a minority investor.
27 March 2018•3 mins read
