![]() ![]() TunnelBear has grown since its inception in 2011 to become one of the most popular cross-platform virtual private network companies in the world, with a reported 20 million people having used its apps across desktop and mobile. We’re staying as an separate team and brand within McAfee, expect even more great software and Bear puns. "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."īear with us. Although its parent-company is headquartered in the United States, TunnelBear maintains that the business and its operations have continued to run autonomously out of Canada. "McAfee shares our passion to help everyone browse a more secure and private internet," said TunnelBear co-founder Ryan Dochuk in a press release. In March of 2018, TunnelBear announced it was acquired by publicly listed cybersecurity giant McAfee. Like a mama grizzly in the summertime.Ĭalifornia-based tech giant McAfee – the same one that owned the anti-virus game throughout the 90's – announced today that it had recently acquired TunnelBear for an undisclosed amount. The company closed a deal to purchase Skyhigh at the beginning of the year.The powerful, successful and impossibly fun cybersecurity firm TunnelBear just became the latest in a long line of Toronto startups to hit the big time – as in even bigger than it already was. This can be problematic in the long run, but for now - TunnelBear has an audited no-logs policy. This is McAfee's second acquisition in recent months. TunnelBear (originally from Canada) is owned by McAfee (the USA). 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. ![]() Neither company disclosed the value of the deal. ![]() 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 has confirmed its acquisition of TunnelBear, a virtual private network (VPN) provider based in Toronto. Our team is incredibly proud of our accomplishments over the last 6.5 years. We’ve made the decision for TunnelBear to join McAfee, one of the world’s top cybersecurity companies. McAfee is similarly - and unsurprisingly - upbeat about the acquisition. 8 March 2018 Today is a big day in TunnelBear history. 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.
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