McAfee acquires TunnelBear

McAfee has announced that it has acquired Canadian VPN provider TunnelBear. TunnelBear will become part of McAfee, but will retain its own brand name and apps.

In the press release, McAfee indicates that it wants to make TunnelBear part of its Safe Connect service. Safe Connect is McAfee’s own VPN service. Presumably, McAfee plans to allow Safe Connect to use TunnelBear’s infrastructure.

TunnelBear promises that the company will continue to offer its own products and keep its own name. The company said the acquisition will give it the resources to grow with enhanced services and expand into new geographies.

The amount of money and other conditions involved in the acquisition has not been disclosed. TunnelBear was an independent company, but it was profitable, Venturebeat writes. The website speculates that the acquisition was relatively cheap because of this, but not negative for TunnelBear.