On May 5, 2013, we announced our intent to acquire Stonesoft, a leading innovator in next generation firewall technology. It gives me great pleasure to inform you that we have closed on the tender offer for Stonesoft, and together with you, our partners, we can take advantage of the strong firewall market growth that is expected to reach $4.6B by 2016.
We have the most complete network security portfolio in the industry and it just got stronger. By being a McAfee partner, you now have the ability to combine our industry leading IPS with our McAfee Next Generation Firewall powered by Stonesoft.
Initially, we are employing a closed resale designation, meaning only McAfee Authorized Network Defense Partners within our SecurityAlliance Partner Program are eligible to resale the Next Generation Firewall. This allows our Authorized Network Defense Partners to be one of the only providers of an innovative, advanced security solution that minimizes complexity, time and cost of securing the most demanding data centers and distributed enterprises.
With mutually developed partner ecosystems, we will continue to maintain both partner programs in the short-term. As we move toward full integration over the next year, we will be working to create a new integrated channel program designed to recognize and reward partner skills and investments.
We believe the security market will be led by companies that can deliver an integrated solution. The addition of Stonesoft further strengthens our complete network security offering to fully realize the power of the Security Connected vision. Visit the Partner Portal to learn more.