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McAfee spins out of Intel to become an independent cybersecurity company

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A senior McAfee executive explained to CNBC how McAfee, as a standalone security company, can tackle cybersecurity and risk.
In an age where more devices are connected to the Internet, and to each other, users need a lot more help from cybersecurity providers to tackle evolving digital threats, a senior executive at McAfee told CNBC on Wednesday.
The security software company, founded by American computer programmer John McAfee, has been around for three decades but was acquired by Intel between 2010 and 2011. This week, it became a new, jointly-owned independent cybersecurity company, with alternative asset management firm TPG owning a 51 percent stake and Intel retaining 49 percent. The deal was announced last September, and valued the business at approximately $4.2 billion.
“We spin out today to become a standalone — one of the largest standalone security companies globally, so we’re very excited,” Gavin Struthers, global SVP and Asia Pacific president at McAfee, told CNBC’s ” The Rundown ” on Wednesday.
Asia Pacific — which is split between mature markets like Singapore and Australia and emerging Asia, where security levels are not as comprehensive — is a “hyper-growth” market for McAfee, according to Struthers.

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