iZone International: Intel completes McAfee acquisition

Intel has completed the acquisition of anti-virus maker McAfee. The company will continue to sell security products and services under their own brand, but will report to Intel’s Software and Services Group.

e4m by exchange4media Staff
Updated: Mar 2, 2011 7:48 AM
iZone International: Intel completes McAfee acquisition

Intel announced on March 1, 2011 that the company had acquired anti-virus maker McAfee. Last year, Intel had said that it would acquire McAfee in an all-cash deal worth $7.68 billion that would bolster the chip-maker’s computing portfolio, especially in terms of wireless mobility offerings.

McAfee will continue developing and selling security products and services under its own brand, but Intel and McAfee plan to bring new products that tackle security and the pervasive nature of computing threats in a new way, later this year.

Intel and McAfee believe today’s approach to security does not adequately address the billions of new Internet-ready devices, including PCs, mobile and wireless devices, TVs, cars, medical devices and ATM machines. With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services. Together, the two companies will work to help people more securely take full advantage of the potential of computing and connectivity.

McAfee will now be a part of Intel’s Software and Services Group, managed by Renee James, Senior VP and GM Intel, whom McAfee’s President Dave DeWalt will now report to.

“In the past, energy-efficient performance and Internet connectivity have defined computing requirements,” said James. He added, “Intel has added security as a third pillar of what people demand from their experiences with personal computers and other connected devices. Security challenges put the future potential of computing at risk. The acquisition of McAfee adds not only world-leading security products and technologies to Intel’s computing portfolio, but also brings incredibly talented people focused on delivering products and services that help make connecting to the mobile Internet safer and more secure.”

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