McAfee spins off from In­tel, to op­er­ate as a pure-play cy­ber se­cu­rity com­pany

The DQWeek (Kolkata) - - CHANNEL BONANZA - DQW NEWS BU­REAU New Delhi

The once most-trusted se­cu­rity provider, McAfee -which was rechris­tened as In­tel Se­cu­rity af­ter it got ac­quired by In­tel in 2010 said that it will now op­er­ate as a stand­alone busi­ness again.

In Septem­ber, 2016 In­tel and the sea­soned tech­nol­ogy in­vestor, TPG en­tered into an agree­ment to cre­ate a jointly owned, in­de­pen­dent pure-play cy­ber­se­cu­rity com­pany. McAfee is now of­fi­cially an in­de­pen­dent com­pany, af­ter clos­ing of the trans­ac­tion which val­ued the busi­ness at ap­prox­i­mately $4.2 bil­lion. TPG will own 51pc and In­tel will own 49pc in McAfee. Ad­di­tion­ally, a lead­ing pri­vate equity in­vest­ment firm Thoma Bravo has joined, as a mi­nor­ity in­vestor in the com­pany, through an agree­ment with TPG.

With the help of its new in­vest­ment part­ners, McAfee will ap­ply greater mar­ket fo­cus, build its plat­form and tar­get new fi­nan­cial, op­er­a­tional and tech­nol­ogy in­vest­ments to bet­ter ad­dress the cy­ber­se­cu­rity mar­ket’s sig­nif­i­cant global growth op­por­tu­nity.

In­tel Se­nior Vice Pres­i­dent and Gen­eral Man- Ex­ec­u­tive Of­fi­cer. TPG Part­ner Bryan Tay­lor has the Board. Young and the McAfee team our full sup­port as they es­tab­lish them­selves as one of the largest pure­play cy­ber­se­cu­rity compa- nies in the in­dus­try.”

“To­day, a new McAfee is born. One that prom­ises cus­tomers cy­ber­se­cu­rity out­comes, not frag­mented prod­ucts. One that vows to move this in­dus­try for­ward by work­ing with com­peti­tors, not just part- “We re­al­ize that even one of the largest cy­ber­se­cu­rity com­pa­nies can’t go it alone,” added he.

The new McAfee will ex­pand upon its lead­ing se­cu­rity so­lu­tions plat­form to bet­ter en­able cus­tomers to ef­fec­tively iden­tify and or­ches­trate re­sponses to cy­ber-threats.

As McAfee be­comes a stand­alone cy­ber­se­cu­rity com­pany, In­tel, how­ever, will con­tinue with its in­te­grated, hard­ware-en­abled se­cu­rity ap­proach. “At In­tel, hard­ware and soft­ware will con­tinue to work seam­lessly to­gether to solve grow­ing cy­ber­se­cu­rity chal­lenges,” vice pres­i­dent and gen­eral man­ager of the Soft­ware and Ser­vices Group (SSG)

Chris Young, Se­nior Vice Pres­i­dent and Gen­eral Man­ager, In­tel

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