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Terms of the deal haven’t been disclosed. The company closed a deal to purchase Skyhigh at the beginning of the year. Security giant McAfee is acquiring Canadian VPN provider TunnelBear. This is McAfee's second acquisition in recent months. TunnelBear is a freeware and it offers connections to Windows, macOS, Android, and iOS. TunnelBear, in the year 2018 was acquired by McAfee. Established in the year 2011, it has a phenomenal name for its speed. 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 is a public Virtual Private Network based out of Canada. 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." In 2018, McAfee acquired TunnelBear, a consumer VPN service, while in 2017, Skyhigh, a leader in. McAfee shares our passion to help everyone browse a more secure and private internet. In 2016, TPG, an investment company, acquired 51 of shares.
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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. TunnelBear VPN is a free, incredibly simple app you can use to browse the Internet privately and securely. Tunnelbear protects your online privacy from online threats, letting you access your favorite websites & apps. TunnelBear’s secure VPN is trusted by over 45 million users. McAfee delivers added security for Microsoft Azure The secure VPN was recently rated the 1 VPN for 2020 by Wirecutter.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.