After a quiet summer with respect to cybersecurity M&A activity, the autumn has started with a big one: a majority stake in McAfee has been bought by private equity fund TPG.
Intel had strategic plans to embed McAfee functionality into its chips for personal computers, which have not been realised. Additionally in the six years since it first acquired McAfee, there there has been a major shift in the markets to device independent, cloud based applications and data, reducing the relevance of this strategy.
It will be interesting to follow the trajectory of an independent McAfee, set free from Intel, and presumably more able to set a strategy which aligns better with the market and customer needs.
SAN FRANCISCO — McAfee, once one of the household names in computer security software, is poised to become an independent business once more. Intel, which bought McAfee for $7.7 billion six years ago, said on Wednesday that it had sold a majority stake in its cybersecurity business to the investment firm TPG, in a transaction valuing the security provider at approximately $4.2 billion, including debt.