Data security provider McAfee has begun operating as a new standalone entity, with plans to expand upon its security solutions platform to better enable customers to effectively identify and orchestrate responses to cyberthreats.
The launch of McAfee, previously known as Intel Security, marks the closing of the previously-announced investment by TPG and Intel Corporation (INTC), and establishment of a pure-play cybersecurity company with access to significant capital, operational and technology resources.
Additionally, McAfee announced that leading private equity investment firm Thoma Bravo has joined, as a minority investor in the company, through an agreement with TPG. As previously announced, Intel is retaining a 49% equity stake in the new entity.
With the help of its new investment partners, McAfee intends to apply greater market focus, build its platform and target new financial, operational, and technology investments to better address the cybersecurity market’s significant global growth opportunity.
Intel senior vice president and general manager Chris Young will lead the new McAfee as CEO while TPG partner Bryan Taylor has been named chairman of the board.
For more information, go to www.mcafee.com.