Finland based cybersecurity company F-Secure has made it public that it is going to buy Britain based security firm MWR Infosecurity for 80 million pounds or $106million USD. F-Secure’s objective with the acquisition is to integrate the products and services of the MWR and widen its range of security services to become the largest European provider of services that help organizations detect and mitigate cyber threats of all range.
“After the acquisition, there are not many cybersecurity companies which cover both services and products with resources such as we do”, said Risto Silasmaa, Chairman of F-Secure.
Note- Risto is also a chairman for the Microsoft owned firm Nokia.
F-Secure is also willing to pay an additional 25 million pounds after 18 months depending on the business performance of the newly acquired company.
MWR Infosecurity is a Hampshire; England based company founded in 2002. It offers training on proactive web defense, secure C++, proactive mobile defense and more. The company is also known to offer information secure, compliance and management services and solutions.
F-Secure Corporation, formerly known as ‘Data Fellows’ is said to provide cybersecurity services in more than 100 countries. The security firm is known to develop and sell antivirus software, password management kits, endpoint security solutions, and other security-related products for the cyber landscape. The first antivirus for windows operating system was released in 1994.
After the FBI developed Magic Lantern Keystroke Logging Software & controversy, F-Secure announced that its anti-virus software doesn’t support the FBI’s espionage tools in any way and will continue to protect its users from any kind of snooping activities launched by governments operating worldwide or by the terror groups.