![]() 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. To answer your other question, many people have been switching to PIA, private internet access, as an ALT to tunnelbear. 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. 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. 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. Our entire team will continue to be based in Toronto. So by design, 100 of the TunnelBear team is staying together, and will continue to work on TunnelBear products. 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. A big part of why McAfee is excited about TunnelBear is our people and the privacy culture we’ve created. 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. The acquisition is expected to help McAfee strengthen its. 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. McAfee has acquired TunnelBear, a company known for its consumer products like the TunneBear VPN, Remembear password manager. 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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