McAfee announced that it has begun operating as a new standalone company. As a standalone business, McAfee is one of the world’s largest pure-play cybersecurity firms. Built on the belief that “Together is Power,” the new McAfee will expand upon its security solutions platform to enable customers to identify and orchestrate responses to cyber-threats.
The launch of McAfee marks the closing of the previously announced investment by TPG and Intel Corporation (INTC) to establish a pure-play cybersecurity company with access to capital, operational and technology resources. Additionally, McAfee announced that 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 percent equity stake in the new entity.
With the help of its new partners, McAfee will apply market focus, build its platform and target new financial, operational and technology investments to address the cybersecurity market. Intel SVP and GM Chris Young will lead the new McAfee as CEO. TPG Partner Bryan Taylor has been named Chairman of the Board.
