When was mcafee acquired by intel

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Featured AI is learning to talk back. McAfee, the famous anti-virus software company that was acquired by Intel in has announced the completion of a deal that transforms it from a wholly owned subsidiary of Intel into a joint-venture between Intel and TPG. McAfee was founded in as a developer of firewall software. The security firm since expanded into other areas, later establishing itself as a major anti-virus software maker.

In , the company was renamed to Intel Security. As ArsTechnica explains, was the year of Operation Aurora , a series of state sponsored attacks form China designed to breach and modify software repositories belonging to western defence contractors. In itself, the chip alone is not enough. The problem was that software vendors needed to build software that took advantage of these features. The chip maker will focus internal operations on hardware-level security. For Intel, dumping majority ownership in McAfee amounts to a loss.

The chip maker had the right idea when it acquired McAfee — to add layers of security to hardware and components. Intel embedded McAfee technology in firmware at the PC and server chip level, and developed security management tools. McAfee technology was also used in hardware using real-time operating systems. Intel was running a parallel hardware security strategy that had little to no ties to McAfee, which was renamed Intel Security. The chip maker was developing trusted boot systems and partnering with other companies on server security and secure payments.

The McAfee acquisition gave Intel deep insight into the security arena, said Doug Fisher, senior vice president and general manager of the Software and Services Group at Intel.