9/17/2023 0 Comments Tunnelbear was acquired by mcafee![]() ![]() It appears that TunnelBear won't be shut down at the very least. Will the products remain available as standalone products? The press release makes no mention of TunnelBear's or RememBear's future. McAfee plans to integrate the network into its own which should expand available capacities and supported regions. TunnelBear operates servers in 20 different countries currently. €œTunnelBear has built an engaging and profitable direct-to-consumer brand, and we’re confident this acquisition will serve both our end users and partners by embedding its best-in-class, hardened network into our Safe Connect product,†said Christopher Young, chief executive officer, McAfee. Safe Connect is available for $7.99 per month subscribers get unlimited data on up to five devices simultaneously for that and may connect to 18 virtual server locations. Safe Connect is a VPN product that is available for Windows and the mobile operating systems Android and iOS. McAfee plans to integrate the VPN technology of TunnelBear into its Safe Connect product. The Santa Clara company did not disclose the price it paid for the company. McAfee's press release offers little in terms of information and deal specifics. TunnelBear, the company, launched the password manager RememBear in November 2017. The feature gives users options to add networks to a trusted list to auto-connect to the VPN service if the device is not connected to a trusted network. TunnelBear launched a major update to its application in late 2016 which introduced Trusted Networks functionality among other things in the client. The company expanded its offering in recent years and maintains apps for the desktop operating systems Windows and Mac OS, and the mobile operating systems iOS and Android next to its browser extension offerings. The company closed a deal to purchase Skyhigh at the beginning of the year.We reviewed TunnelBear's VPN solution in 2015 for the first time when the company launched a Chrome extension that users could install to integrate the functionality into the Chrome browser. This is McAfee's second acquisition in recent months. This investment is strategic for McAfee's consumer business as it further showcases our commitment to help keep our customers' online data and browsing private and more secure at a time when the threat landscape is growing in volume, speed and complexity. TunnelBear has built an engaging and profitable direct-to-consumer brand, and we're confident this acquisition will serve both our end users and partners by embedding its best-in-class, hardened network into our Safe Connect product. McAfee is similarly - and unsurprisingly - upbeat about the acquisition. The acquisition provides us with the resources to develop our service, expand into new regions, and continue leadership of privacy and security practices in the VPN industry." McAfee shares our passion to help everyone browse a more secure and private internet. TunnelBear will continue to develop the products our customers have come to love, now with the backing and resources of a leading cybersecurity company. Speaking about the acquisition, TunnelBear co-founder Ryan Dochuk says: "McAfee's acquisition of TunnelBear is an exciting opportunity for our company. McAfee delivers added security for Microsoft Azure.If you're concerned about privacy, you might want to skip Facebook's VPN - Onavo Protect.Facebook Onavo VPN app gathers user data even when it is disabled. ![]() With a growing awareness of the importance of online security and privacy, VPN tools have grown in popularity in recent years, and the Canada-based TunnelBear has managed to gather 20 million users around the world. Full details of the deal have not been revealed, and it is not known how much money has changed hands. Security firm McAfee has announced the acquisition of VPN company TunnelBear. ![]()
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