Intel has confirmed its acquisition of McAfee is complete, adding that a joint product from the companies would hit our shelves within the year.
The $7.68 billion (4.72 million) deal was first put on the table back in August last year but has taken almost seven months to get all the boxes ticked.
Despite the acquisition, McAfee will still operate under its own brand, both for development and retail purposes.
Dave DeWalt will also remain as president of McAfee but report to Rene James, Intel's senior vice president and general manager of the software and services group.
"Intel has added security as a third pillar of what people demand from their experiences with personal computers and other connected devices," 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."
No date has been set for the first joint products from Intel and McAfee but in a statement confirming the deal had completed, the companies claimed they "planned to bring the first fruits of their strategic partnership to market later this year."
-
Everything you need to know about Sophos’ new partner programNews The vendor’s new channel initiative unifies the Sophos and Secureworks channel ecosystems to generate new partner opportunities
-
Researchers tested over 100 leading AI models on coding tasks — nearly half produced glaring security flawsNews AI models large and small were found to introduce cross-site scripting errors and seriously struggle with secure Java generation
-
Gaining timely insights with AI inferencing at the edgeWhitepaper Business differentiation in an AI-everywhere era
-
Scaling AI from pilot to production: Maximize AI impact with HPE & IntelWhitepaper Transform AI proof-of-concepts into full-scale implementations
-
UK supercomputer boom as HPE and Dell receive funding for new AI clusterNews The UK’s AI computing capabilities will increase by an order of magnitude in 2024
-
AI gold rush continues as Hugging Face snags $235 million from IBMNews The investment round, which brings the company's valuation to $4.5 billion, also includes Amazon, Google, Intel, and Salesforce
-
Why is ASUS reviving Intel’s NUC mini-PC line?News The diminutive PC is to rise again while analysts look for the business case
-
Intel targets AI hardware dominance by 2025News The chip giant's diverse range of CPUs, GPUs, and AI accelerators complement its commitment to an open AI ecosystem
-
Why aren’t factories as smart as they could be?Whitepaper How edge computing accelerates the journey to a remarkable factory
-
Who needs Intel vPro®, An Intel® Evo™ Design, anyway?Sponsored With flexible work on the up, the demand for high performance on-the-go business laptops has never been greater
