End Of McAfee: Intel Shakeup Absorbs Remains Of Security Software Company
McAfee, the security software company founded by John McAfee, has come to its final end. Bought in 2010 by Intel, which proceeded to change the name in 2014 to Intel Security, the company has now fully integrated with Intel. However, the brand itself will live on through Intel's security products, with McAfee-branded products being sold as part of the Intel Security portfolio.
The reorganization included Intel president Renée James stepping down. In a statement, the company also announced the departure of corporate VPs Hermann Eul and Mike Bell, as well as the retirement of Intel Capital's president Arvind Sodhani.
McAfee was founded in 1987, and proceeded to release a range of security products. Consumers will be familiar with the McAfee Antivirus and Firewall software, while IT professionals will remember some of the company's business-focused offerings. The company describes itself as the world's largest dedicated security technology company. Intel's purchase of McAfee cost $7.7 billion.
John McAfee is unlikely to be upset by the news about his former company. When asked by the BBC what he thought about the company name change to Intel Security, McAfee said: "I am now everlastingly grateful to Intel for freeing me from this terrible association with the worst software on the planet. These are not my words, but the words of millions of irate users."
"My elation at Intel's decision is beyond words," he said.
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