Article Diary - General Knowledge Digest

Intel to acquire McAfee

Intel Corporation has entered into a definitive agreement to acquire McAfee for approximately $7.68 billion. Both boards of directors have unanimously approved the deal, which is expected to close after McAfee shareholder approval, regulatory clearances and other customary conditions specified in the agreement.

McAfee will become a wholly-owned subsidiary of Intel, reporting into Intel’s Software and Services Group. The group is managed by Renée James, Intel senior vice president, and general manager of the group.

“With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online,” said Paul Otellini, Intel president and CEO. “In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.

“Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow,” said James. “This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility,” Otellini added.

McAfee, based in Santa Clara and founded in 1987, is the world’s largest dedicated security technology company with approximately $2 billion in revenue in 2009, and some 6,100 employees.

The company has a suite of software-related security solutions, including end-point and networking products and services that are focused on helping to ensure Internet-connected devices and networks are protected from malicious content, phony requests and unsecured transactions and communications. Among others, products include McAfee Total Protection, McAfee Antivirus, McAfee Internet Security, McAfee Firewall, McAfee IPS as well as an expanding line of products targeting mobile devices such as smartphones.

Attached Files
There are no attachments for this article.
Comments
There are no comments for this article. Be the first to post a comment.
Name
Email
Security Code Security Code
Related Articles RSS Feed
Things to Know About Project Management Software
Viewed 1197 times since Tue, Jul 20, 2010
Rupay Card by India to replace Visa, MasterCard
Viewed 990 times since Wed, Mar 23, 2011
Beautiful Free Charts For Excel & Powerpoint
Viewed 1401 times since Tue, Oct 13, 2009
Google Caffeine Search Update
Viewed 2132 times since Wed, Nov 11, 2009
Which hosting plans support IIS Mod-Rewrite?
Viewed 2591 times since Sat, Oct 10, 2009
HP buys Palm for $1.2 Billion
Viewed 1023 times since Wed, Apr 28, 2010
How do I update or change my customer information?
Viewed 1186 times since Fri, Oct 9, 2009
MENU