A Brand New McAfee
Commits to Building a Safer Future
Commits to Building a Safer Future
NEWS HIGHLIGHTS
· McAfee announces new
status as a standalone cybersecurity company dedicated to enabling technology,
people and organizations to work together
status as a standalone cybersecurity company dedicated to enabling technology,
people and organizations to work together
· Closing of previously announced investment
from TPG Capital and Intel that valued the company at $4.2 billion
from TPG Capital and Intel that valued the company at $4.2 billion
· In connection with the
close of this transaction, Thoma Bravo joins as a minority investor through an
agreement with TPG
close of this transaction, Thoma Bravo joins as a minority investor through an
agreement with TPG
· Partnership provides
McAfee with capital to accelerate growth and enhance focus as a standalone
business
McAfee with capital to accelerate growth and enhance focus as a standalone
business
· Previous Intel
Security general manager Christopher Young named McAfee CEO
Security general manager Christopher Young named McAfee CEO
Singapore, April 4, 2017 – McAfee (the
“Company”), the globally trusted security provider, announced today 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 leading
security solutions platform to better enable customers to effectively identify
and orchestrate responses to cyber-threats.
“Company”), the globally trusted security provider, announced today 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 leading
security solutions platform to better enable customers to effectively 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 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 percent equity stake in the new entity.
of the previously announced investment by TPG and Intel Corporation (INTC) to
establish 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 percent equity stake in the new entity.
With the help of its new investment
partners, McAfee will 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 Chief
Executive Officer. TPG Partner Bryan Taylor has been named Chairman of the
Board.
partners, McAfee will 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 Chief
Executive Officer. TPG Partner Bryan Taylor has been named Chairman of the
Board.
“Cybersecurity
is the greatest challenge of the connected age, weighing heavily on the minds
of parents, executives and world leaders alike,” said Christopher Young, CEO of
McAfee. “As a standalone company with a clear purpose, McAfee gains the agility
to unite people, technology and organizations against our common adversaries
and ensure our technology-driven future is safe.”
is the greatest challenge of the connected age, weighing heavily on the minds
of parents, executives and world leaders alike,” said Christopher Young, CEO of
McAfee. “As a standalone company with a clear purpose, McAfee gains the agility
to unite people, technology and organizations against our common adversaries
and ensure our technology-driven future is safe.”
“We
offer Chris Young and the McAfee team our full support as they establish
themselves as one of the largest pure-play cybersecurity companies in the
industry,” said Brian Krzanich, Intel CEO. “Security remains important to
Intel, and in addition to our equity position and ongoing collaboration with
McAfee, Intel will continue to integrate industry-leading security and privacy
capabilities in our products from the cloud to billions of smart, connected
computing devices.”
offer Chris Young and the McAfee team our full support as they establish
themselves as one of the largest pure-play cybersecurity companies in the
industry,” said Brian Krzanich, Intel CEO. “Security remains important to
Intel, and in addition to our equity position and ongoing collaboration with
McAfee, Intel will continue to integrate industry-leading security and privacy
capabilities in our products from the cloud to billions of smart, connected
computing devices.”
“Since
its founding, McAfee has been dedicated to offering its customers
industry-leading cybersecurity solutions,” said Bryan Taylor, Partner at TPG
Capital and Chairman of the Board at McAfee. “Its ongoing commitment to product
innovation, a rich partner ecosystem, and superior customer service has created
a trusted brand that will thrive as a standalone entity. We look forward to
working with the company and our partners to accelerate growth and continue
building a leading cybersecurity platform that serves to protect customers in
today’s changing environment.”
its founding, McAfee has been dedicated to offering its customers
industry-leading cybersecurity solutions,” said Bryan Taylor, Partner at TPG
Capital and Chairman of the Board at McAfee. “Its ongoing commitment to product
innovation, a rich partner ecosystem, and superior customer service has created
a trusted brand that will thrive as a standalone entity. We look forward to
working with the company and our partners to accelerate growth and continue
building a leading cybersecurity platform that serves to protect customers in
today’s changing environment.”
“McAfee
is a global organization with a 30-year history and a brand known the world
over for innovation, trust and collaboration. Given our years of focus on the
security software sector, we see great opportunity for McAfee to continue to
advance and innovate,” said Seth Boro, a Managing Partner at Thoma Bravo. “Our
deep sector knowledge and history of helping build successful businesses will
be an asset to the company, and we look forward to working with the management
team and our colleagues at TPG and Intel to guide McAfee through its next
chapter of growth.”
is a global organization with a 30-year history and a brand known the world
over for innovation, trust and collaboration. Given our years of focus on the
security software sector, we see great opportunity for McAfee to continue to
advance and innovate,” said Seth Boro, a Managing Partner at Thoma Bravo. “Our
deep sector knowledge and history of helping build successful businesses will
be an asset to the company, and we look forward to working with the management
team and our colleagues at TPG and Intel to guide McAfee through its next
chapter of growth.”
The New McAfee
The company also outlined a new
strategic vision, focused on innovation, trust, and collaboration.
strategic vision, focused on innovation, trust, and collaboration.
Innovation
McAfee
represents more than 7,500 of the industry’s most talented cybersecurity
professionals, while holding more than 1,200 security technology patents and
ongoing industry recognition for its products. McAfee is also home to McAfee
Labs, one of the world’s leading sources for cyber-threat intelligence.
McAfee’s people, technology and insights enable McAfee solutions to correlate
real-world data collected from millions of sensors across key threat vectors
and inform the next generations of McAfee product innovation.
represents more than 7,500 of the industry’s most talented cybersecurity
professionals, while holding more than 1,200 security technology patents and
ongoing industry recognition for its products. McAfee is also home to McAfee
Labs, one of the world’s leading sources for cyber-threat intelligence.
McAfee’s people, technology and insights enable McAfee solutions to correlate
real-world data collected from millions of sensors across key threat vectors
and inform the next generations of McAfee product innovation.
Trust
From
the moment the first worm was unleashed on the internet in 1988, to the massive
2016 Mirai distributed denial of service (DDoS) attack, the cybersecurity
industry has witnessed exponential growth in the volume and variety of
cyber-threats. For the last three decades, McAfee has earned the trust of
consumers, businesses and governments by delivering practical solutions to
address these threats. Today, McAfee’s award winning products and solutions
today protect more than 74.9 million endpoints daily, including 87% of the
world’s largest banks and Fortune 100 firms and more than 263 million consumer
endpoints.
the moment the first worm was unleashed on the internet in 1988, to the massive
2016 Mirai distributed denial of service (DDoS) attack, the cybersecurity
industry has witnessed exponential growth in the volume and variety of
cyber-threats. For the last three decades, McAfee has earned the trust of
consumers, businesses and governments by delivering practical solutions to
address these threats. Today, McAfee’s award winning products and solutions
today protect more than 74.9 million endpoints daily, including 87% of the
world’s largest banks and Fortune 100 firms and more than 263 million consumer
endpoints.
Collaboration
McAfee
believes in the power of working together—only when people, technology and
organizations work together can we become safer. The McAfee Security Innovation
Alliance, the industry’s premier technology partnering program, boasts more
than 135 partners globally. Over the past year, more than 30 partners have
integrated or planned integrations with the McAfee Data Exchange Layer (DXL),
the industry-endorsed communication fabric providing real-time interaction
between applications.
believes in the power of working together—only when people, technology and
organizations work together can we become safer. The McAfee Security Innovation
Alliance, the industry’s premier technology partnering program, boasts more
than 135 partners globally. Over the past year, more than 30 partners have
integrated or planned integrations with the McAfee Data Exchange Layer (DXL),
the industry-endorsed communication fabric providing real-time interaction
between applications.
Goldman
Sachs, & Co., Morgan Stanley & Co. LLC, RBC Capital Markets, and UBS
Investment Bank served as financial advisors to TPG and Thoma Bravo, and Allen
& Company LLC served as financial advisor to Intel. Ropes & Gray served
as legal advisors to TPG, Skadden, Arps, Slate, Meagher & Flom served as
legal advisors to Intel, and Kirkland & Ellis served as legal advisors to
Thoma Bravo.
Sachs, & Co., Morgan Stanley & Co. LLC, RBC Capital Markets, and UBS
Investment Bank served as financial advisors to TPG and Thoma Bravo, and Allen
& Company LLC served as financial advisor to Intel. Ropes & Gray served
as legal advisors to TPG, Skadden, Arps, Slate, Meagher & Flom served as
legal advisors to Intel, and Kirkland & Ellis served as legal advisors to
Thoma Bravo.
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