Intel Security Re-Emerges As McAfee, A $2 Billion Security Company
McAfee is officially back. Intel Security has officially reassumed its heritage brand, with the announcement Tuesday that it has split from parent company Intel and is now a standalone security vendor.
The split, first announced in September, involves the sale of a 51 percent stake of the McAfee to TPG Capital. The deal is worth $4.2 billion, including $3.1 billion in cash to Intel and a $1.1 billion equity investment by TPG.
McAfee now emerges as a $2 billion standalone security vendor for the first time since its $7.7 billion sale to Intel in 2010. The company is led by CEO Chris Young, who had previously served as senior vice president and general manager of Intel Security. In an interview with CRN, Young said the transaction to make McAfee independent is a significant milestone in the company’s journey to be its customers’ “No. 1 security vendor.”
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