1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Intel spinout: McAfee is back

Discussion in 'Network World' started by RSS, Sep 8, 2016.

  1. RSS

    RSS New Member Member

    Intel is going to spin out its subsidiary Intel Security as a joint venture with investment firm TPG, redubbing the new entity with its old name – McAfee.

    The deal calls for TPG to make a $1.1 billion equity investment and own 51 percent of the company, with Intel retaining 49%.

    In a joint statement the companies say the investment will be used to help the spinout gain its feet as a stand-alone business and to drive growth.

    Intel bought McAfee in 2010 for $7.68 billion with the intent of tying McAfee’s security technology with Intel’s chips.

    Since then Intel has incorporated technology in some chips that power features of its security software, and Intel Security’ endpoint protection technology is well thought of, consistently ranking among the leaders in Gartner’s analysis of that category. It is ranked number two in market share behind Symantec and in front of Trend Micro.

    To read this article in full or to leave a comment, please click here

    Continue reading...
     

Share This Page