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Intel Completes Acquisition of McAfee

Monday Intel announced the completion of its $7.68 billion acquisition of security software vendor McAfee Inc. The latter company will continue to develop and publish products under its own brand. However, the duo will reveal the byproduct of their financial marriage later this year with the intent of "tackling security and the pervasive nature of computing threats in an entirely new way."

"Intel and McAfee believe today's approach to security does not adequately address the billions of new Internet-ready devices, including PCs, mobile and wireless devices, TVs, cars, medical devices and ATM machines," Intel said Monday in a statement. "With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services."

So what does this mean to consumers? Intel previously said that it needs the McAfee technology to provide baked-in security in its microprocessors and chipsets. This will be especially important as the company tackles the smartphone market and other portable (tablets, notebooks) devices.

With McAfee now serving as a wholly-owned subsidiary, the antivirus giant will now report to Intel's Software and Services Group managed by Renée James, Intel senior vice president and general manager. McAfee's president, Dave DeWalt, will report to James.

"Security challenges put the future potential of computing at risk," said James. "The acquisition of McAfee adds not only world-leading security products and technologies to Intel's computing portfolio, but also brings incredibly talented people focused on delivering products and services that help make connecting to the mobile Internet safer and more secure."

The deal, which was originally announced in August 2010, was nearly threatened by the European Commission. Concerns were expressed that Intel would give McAfee special treatment in regards to processors and chipsets, preventing other security vendors from providing antivirus solutions to consumers. However, the concerns were addressed by Intel last month and the acquisition proceeded as planned.

"The commitments submitted by Intel strike the right balance, as they allow preserving both competition and the beneficial effects of the merger. These changes will ensure that vigorous competition is maintained and that consumers get the best result in terms of price, choice and quality of the IT security products," said Commission Vice-President in charge of competition policy Joaquín Almunia.

  • Memoscorp
    Doesn't McAfee suck?
  • mp562
    Whyyyyyy ?!?!?! Why not buy Norton while you're at it too?
  • backin5
    MemoscorpDoesn't McAfee suck?
    Yup, I do believe that is the general consensus.

    Hopefully it would be Intel influencing McAfee and not the other way around...
  • reprotected
    backin5Yup, I do believe that is the general consensus.Hopefully it would be Intel influencing McAfee and not the other way around...I used to think that way too, though a friend used to think it was amazing. To be honest, it's comparable to Avast and Avira, in which those two antiviruses are awesome.
  • jkflipflop98
    What's really funny is 2 months before this all went down, every computer at Intel was shut down for a little over a day due to a McAfee bug. They basically shut down our company and cost us millions.
  • pjmelect
    Why is Intel buying up anti-virus companies? First AVG and now MacAfee have they bought any more that I don’t know about? They have probably also got large stakes in other anti-virus companies as well. This is like a game of Monopoly. It is a shame for Intel that Microsoft give away free a very capable anti-virus program.
  • the_brute
    Depends. their desktop ver is horrible. but they dont have any care for the desktop. where they make $$ is on their server software, where they do have good and highly competitave programs.

    Cant remember off the top of my head, but they have like 30 some programs and only 2 of those programs are for the desktop.

    This is long over due for a chip maker to add more security in. and this will greatly hurt AMD, VIA and many ARM makers in the future until they make their own security standards.
  • caeden
    Man... remember when people use to pay for antivirus? Last I checked you really don't need antivirus if you have a decent firewall, keep your OS up to date, and don't click on things you ought not to. And now there is Microsoft Security Essentials, which while not perfect, doesn't have much of any performance impact, catches almost anything that for-pay AV will catch, and is FREE!
    I do understand the need for added security on servers, and things which attract more attention from thieves, but for the average home user I find that if they are determined to catch a virus through some smutty site, not amount of AV will save them.
  • rantoc
    MC Afee enterprice is quite strong sadly and for homeusers... not so much! I never liked their software, eats to much resources to get the job done but its easy to manage, bet thats why many lazy it staffers around the globe like their solution - Lost productivity over the whole company dont seem to matter to them because they get it a tad easier!
  • eyemaster
    MemoscorpDoesn't McAfee suck?McAfee is the only product that caters to enterprise needs. It's not perfect, but it provides a host intrusion protection, memory protection, software protection, software lock down and more, all centraly managed.