Intel McAfee acquisition finalised

The deal has been done between the chip manufacturer and security giant.

Acqusition

Intel has confirmed its acquisition of McAfee is complete, adding that a joint product from the companies would hit our shelves within the year.

The $7.68 billion (4.72 million) deal was first put on the table back in August last year but has taken almost seven months to get all the boxes ticked.

Despite the acquisition, McAfee will still operate under its own brand, both for development and retail purposes.

Dave DeWalt will also remain as president of McAfee but report to Rene James, Intel's senior vice president and general manager of the software and services group.

"Intel has added security as a third pillar of what people demand from their experiences with personal computers and other connected devices," said James.

"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."

No date has been set for the first joint products from Intel and McAfee but in a statement confirming the deal had completed, the companies claimed they "planned to bring the first fruits of their strategic partnership to market later this year."

Featured Resources

The definitive guide to warehouse efficiency

Get your free guide to creating efficiencies in the warehouse

Free download

The total economic impact™ of Datto

Cost savings and business benefits of using Datto Integrated Solutions

Download now

Three-step guide to modern customer experience

Support the critical role CX plays in your business

Free download

Ransomware report

The global state of the channel

Download now

Recommended

Building a business case for SAP on AWS
Whitepaper

Building a business case for SAP on AWS

8 Sep 2021
Evaluating S/4HANA and RISE as part of your digital transformation journey
Whitepaper

Evaluating S/4HANA and RISE as part of your digital transformation journey

8 Sep 2021
SAP modernisation strategies for the digital future
Whitepaper

SAP modernisation strategies for the digital future

8 Sep 2021
Extend SAP with AWS Analytics, AI/ML, and IoT Services
Whitepaper

Extend SAP with AWS Analytics, AI/ML, and IoT Services

8 Sep 2021

Most Popular

What are the pros and cons of AI?
machine learning

What are the pros and cons of AI?

8 Sep 2021
Citrix mulling potential sale after tumultuous 2021
mergers and acquisitions

Citrix mulling potential sale after tumultuous 2021

15 Sep 2021
Zoom: From pandemic upstart to hybrid work giant
video conferencing

Zoom: From pandemic upstart to hybrid work giant

14 Sep 2021