McAfee Acquires TunnelBear For Undisclosed Terms

American cyber security firm McAfee is acquiring Canadian VPN provider TunnelBear. Neither company has disclosed the terms of the bargain, although, the latter says it will continue to function independently. In a post on its official blog, the company promised that, "TunnelBear will proceed to develop the bear-filled products you lot've come to know and dear".

McAfee was itself acquired by chipmaker Intel back in 2011 for $seven.68 billion, but has since been spun off as a separate entity, owned in-part by private equity firm TPG. While McAfee's flagship production, 'Total Protection', is available for prices ranging from $25 to $45, TunnelBear offers its services for $4.99 to $ix.99 per month, simply information technology also has a free tier that comes with a 500MB of usage limit per month.

TunnelBear customers worried about possible changes in privacy policies following the acquisition will be happy to know that at to the lowest degree for the time beingness, the company says information technology volition continue to be independently audited.

"We'll likewise go along to collect the minimum amount of data possible to operate our service and document everything in our privacy policy. We know that trust is something that yous earn through consistent transparency, so we'll be sharing updates of our progress as we go"

So plainly, there'southward no firsthand threat of things changing radically, only it will be interesting to see how things piece of work out going forward.

In case yous're unaware, TunnelBear is one of the almost popular up-and-coming VPN service providers, with client-side software available on a number of different platforms, including Windows, Mac, Android and iOS. On Android alone, it has betwixt 5 and x million users, while at concluding count, the company operated around 1,000 servers across 20 locations around the world. The service also offers anti-tracking extensions for popular browsers, such as Chrome and Opera, and supports 5 concurrent connections from each subscriber.

McAfee, meanwhile, is one of the oldest and most well-known names in the world of cyber security, but the visitor has garnered a reputation for peddling bloated and incompetent software over the years. Which is why rivals Avast, AVG, Kaspersky and others take gained so much traction over the by decade.