McAfee parent organization Intel
2010–present
On August 19, 2010, Intel announced that it would purchase McAfee for $48 a share in a deal valued at $7.68 billion. In September 2016, Intel announced their strategic partnership with TPG to turn McAfee into an independent cyber-security company as a joint venture. That deal closed on April 3, 2017.CEO David DeWalt resigned in 2011, and McAfee appointed Michael DeCesare and Todd Gebhart as co-presidents. In 2011, McAfee also partnered with SAIC to develop anti-cyber espionage products for use by government and intelligence agencies, along with telecommunications companies.On January 6, 2014, Intel CEO Brian Krzanich announced during the Consumer Electronics Show the name change from McAfee Security to Intel Security. The company's red shield logo would remain, with the firm continuing to operate as a wholly owned Intel subsidiary. John McAfee, who no longer had any involvement in the company, expressed his pleasure at his name no longer being associated with the software. However, as of 2016 the products still bore the McAfee name.
On September 7, 2016, Intel sold its majority stake to TPG and entered into an agreement with TPG to turn Intel Security into a jointly-owned, independent cyber-security company with the McAfee name.After the deal between the two companies closed, the company was spun back out of Intel on April 4, 2017." Chris Young assumed the CEO position as the company became an independent entity.In 2018, the company unsuccessfully entered talks to sell majority control of McAfee to minority stakeholder Thoma Bravo. In 2018, McAfee also expanded its Security Innovation Alliance partnerships to include companies such as Atos, CyberX, Fidelis Cyber-security, Aujas, and Silver Peak.In July 2019, McAfee began meeting with bankers to discuss returning to the market as an IPO. As an IPO, the company was estimated to be valued at $8 billion or higher. However, no deal or decision to join the public market was confirmed.Near the end of 2019, McAfee partnered with Google Cloud to integrate McAfee’s Mvision Cloud and endpoint security technology with Google’s cloud infrastructure.In October 2020, McAfee and its shareholders raised $740 million in the initial public offering and valued at about $8.6 billion based on the outstanding shares listed in its prospectus. McAfee shares were traded on the NASDAQ stock exchange under ticker symbol MCFE, marked its return to the public market after 9 years. In 2020, former McAfee CEO Chris Young left his position and was replaced by Peter Leav. However, the stock was delisted from NASDAQ and the company was taken private again in March 2022 by a multi-national investor group under the Advent International Corporation, consisting of the Canada Pension Plan, the Singaporean GIC Private Limited, and the Abu Dhabi Investment Authority.In May 2022, Peter Leav stepped down and McAfee named Greg Johnson its new CEO.
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