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  • On Thursday, Intel said it plans to acquire security vendor McAfee in a cash deal valued

  • at about 7.7 billion US dollars.

  • Both boards of directors have approved the deal, and McAfee is expected to become a subsidiary

  • within Intel's Software and Services Group. Intel said that the current approach to security

  • does not address the full range of Internet-connected devices, including TVs, cars, medical devices

  • and ATM machines.

  • Renee James Senior VP, Intel

  • "Security is really important across our existing businesses, both in the data center and the

  • connection through the network from the data center cloud, as well as obviously in your

  • PC. And as the PC market continues to expand, continues to be a great business, security

  • is increasingly a consideration for all users."

  • Intel's move will help to bridge the gap across a wide range of mobile devices, an industry

  • continuing to expand with the popularity of tablets and smartphones.

  • Dave DeWalt CEO, McAfee

  • "Connected devices are exploding as the movement of the new internet from IPv4 to IPv6 changes,

  • we're going to trillions of devices over time and security is really important as a part

  • of that."

  • The deal is expected to close after McAfee shareholder approval and regulatory clearances.

  • McAfee generated approximately $2 billion in revenue in 2009, and has about 6,100 employees.

  • With reporting by Jeremy Kirk, I'm Justin Meisinger, IDG News Service.

On Thursday, Intel said it plans to acquire security vendor McAfee in a cash deal valued

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A2 US mcafee security data center vendor pc deal

Intel to buy security vendor McAfee for $7.68 billion

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    alex posted on 2016/08/20
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