Intel closes McAfee acquisition, joint products to be out later this year

by CXOtoday Staff    Mar 01, 2011

Intel Completes Acquisition of McAfeeIntel today announced that it has completed the acquisition of McAfee. McAfee will continue developing and selling security products and services under its own brand. Intel and McAfee plan to bring the first fruits of their strategic partnership to market later this year, with the chip-maker announcing that they ‘intend of tackling security and the pervasive nature of computing threats in an entirely new way’.

As a wholly-owned subsidiary of Intel, McAfee reports into Intel’s Software and Services Group. The group is managed by Renée James, Intel senior vice president, and general manager. McAfee’s president, Dave DeWalt, will report to James.

“In the past, energy-efficient performance and Internet connectivity have defined computing requirements,” said James. “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.”