Thursday, June 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Focuses on Groups to Bring More People and Ad Dollars Onboard
Samsung Bundles a 24" USB-C monitor With Galaxy Book
Sega Brings Free Classic Games to Smartphones
Nissan-Renault to Launch Driverless Ride-hailing Service
Samsung Goes Retro With the Galaxy Folder 2 Flip Phone
Shuttle Debuts Fanless PC in a 3-litre Format
LG Display Showcases Flexible, Transparent 77-inch OLED
Samsung Begins Mass Production of Exynos i T200 IoT Chip
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Intel t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, August 21, 2010
Intel to Acquire McAfee in Push Beyond PCs


Intel has entered into a definitive agreement to acquire McAfee, Inc., through the purchase of all of the company?s common stock at $48 per share in cash, 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.

Intel wants to be inside your TV, cell phone your car, and any other device that could one day connect to the Internet and require a computer chip. And with its deal to buy McAfee the semiconductor company now wants to sell you security software as well - in all those places.

Today?s security approach does not fully address the billions of new Internet-ready devices connecting, including mobile and wireless devices, TVs, cars, medical devices and ATM machines as well as the accompanying surge in cyber threats. Providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services, Intel says.

Inside Intel, the company has elevated the priority of security to be on par with its strategic focus areas in energy-efficient performance and Internet connectivity.

McAfee, which has enjoyed double-digit, year-over-year growth and nearly 80 percent gross margins last year, will become a wholly-owned subsidiary of Intel, reporting into Intel?s Software and Services Group. The group is managed by Ren?e 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.

"The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure," Otellini added.

"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."

"McAfee is the next step in this strategy, and the right security partner for us,? she added. ?Our current work together has impressive prospects, and we look forward to introducing a product from our strategic partnership next year."

"The cyber threat landscape has changed dramatically over the past few years, with millions of new threats appearing every month," said Dave DeWalt, president and CEO of McAfee. "We believe this acquisition will result in our ability to deliver a safer, more secure and trusted Internet-enabled device experience."

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. With approximately 6,100 employees, McAfee?s products and technologies deliver secure solutions and services to consumers, enterprises and governments around the world and include a strong sales force that works with a variety of customers.

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.

Intel has made a series of recent and successful software acquisitions to pursue a deliberate strategy focused on leading companies in their industry delivering software that takes advantage of silicon. These include gaming, visual computing, embedded device and machine software and now security.

Intel and McAfee will also jointly explore future product concepts to further strengthen security in the cloud network and myriad of computers and devices people use in their everyday lives.


Previous
Next
Sanyo Introduces Pocket-Size Dual Camera        All News        Club 3D announces affordable ATI Radeon HD5670
Toshiba Demonstrates HDD Servo-control On Track Operation Media With 2.5 Terabits -per-square-innch Dots     PC Parts News      Toshiba Announces Wipe Technology for Self-Encrypting Disk Drives

Get RSS feed Easy Print E-Mail this Message

Related News
Intel to Bring Virtual Reality and 5G to Olympic Games
First Intel Core X-Series Processors Pre-Orders Begin Today, Available Starting June 26
Microsoft Used AI to Help Crack Down on Tech Support Scams
Intel Details "mesh" On-chip Interconnect Technology Features in New Intel Xeon Scalable Processors
Intel Invests in Three AI Companies
Microsoft AI Masters Pac-Man
Intel Showcases PC Gaming and VR Experiences at E3, Announces Intel Grand Slam for Esports and Pre-Orders for Core X-series Processor Family
LG Establishes New Robotics and AI research Divisions
Intel is Threatening ARM and Microsoft For Emulating x86 ISA
Intel Adds the DC P4501 Low-Power NVMe SSD to Enterprise Lineup
Google to Retire the AlphaGo AI Program
Apple is Building AI Chip for iPhone

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .