The 'New McAfee'
With a deal to spin out from parent company Intel, Intel Security aims to be the “biggest and best cybersecurity player out there,” leader Chris Young told CRN. Young, currently senior vice president and general manager of Intel Security, will serve as CEO of the company, which will return to the McAfee name when the $4.2 billion spin-out deal to TPG Capital is completed next year. Intel will retain a 49 percent ownership stake in the company, with the remainder owned by TPG. In an interview with CRN, Young said the deal positions the company to invest to win, both against emerging startups and big-name platform security players.
“We’re all very happy with the future opportunities. Our partners are a big part of that future, and we think they are going to be really happy with what they see. … The future is bright,” Young said.
Take a look at what Young had to say about the company’s future strategy, product road map and what partners can expect to see from the “new McAfee.”