A brand new McAfee commits to building safer future
McAfee, the globally trusted security provider, has announced 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 per cent 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, Christopher 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. “As a standalone company with a clear purpose, McAfee gains the agility to unite people, technology and organisations against our common adversaries and ensure our technology-driven future is safe.”
David Small, Vice President, Channels, EMEA, McAfee added: “At our global partner summit last November, we were very transparent and laid out expectations for our channel programme compliance all the way through 2018. As such, our partners know what we expect from them for the rest of this year in order to achieve specific levels in 2018. So while the move to McAfee is extremely exciting for us, from a partner perspective, nothing changes and it really is business as usual. We will continue to invest in our partners and enable them across the solution set. Also, as announced at the partner conference last November, we will require our partners in the highest tier (Platinum) to add a service delivery specialisation. This essentially means that these partners will have the competence to implement our solutions in much the same way as our own professional services team would.”