TPG declined to comment in response to the Wall Street Journal’s report, and McAfee did not respond to requests for comment. While you often see it recommended on various sites (and is darn cute), TunnelBear also has some noteworthy drawbacks, which we’ll cover below in this TunnelBear review. As TunnelBear Inc., our company was a Canadian-owned business based in Toronto. 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. TunnelBear is a well-known Canadian VPN service that was acquired by the US cybersecurity company McAfee a few years ago. As you may have read, TunnelBear was acquired by McAfee in April 2018, and over the last six months, we have been busy working to transition TunnelBear Inc. 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.
#Tunnelbear was acquired by mcafee free
TunnelBear is best known for its relatively good free VPN service. In a press release McAfee confirm they have brought the Canadian based VPN firm under their wing for an undisclosed sum. Private equity firm Thoma Bravo acquired a minority stake in the company the following year. McAfee has announced they have acquired well-known bear-loving VPN provider TunnelBear. 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. 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. 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. 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.
#Tunnelbear was acquired by mcafee software
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.
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