Intel Completes Acquisition of McAfee

Posted by at 2:38 pm on February 28, 2011

Intel today announced the acquisition of McAfee is complete.

McAfee will continue developing and selling security products and services under its own brand. Intel and McAfee plan to bring the first products of their strategic partnership to market later this year, with the intent of tackling security and the nature of computing threats in an entirely new way.

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.

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

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