Friday, August 20, 2010

Intel Corporation acquires Mcafee Inc for $7.68 bn

Quick Links:
About this Post
Free Alerts,Follow us
Comment on this

The World's leading Chip maker Intel corp acqurires the Security firm Mcafee. Intel Corporation made a $48 for each Mcafee share and in a total it paid $768 crores to Mcafee. With this deal, Mcafee is wholly subsidary of Intel.

By this new formation Intel will grow in Wireless field and develops more products.

Mcafee Inc says " The current cybersecurity model isn’t extensible across the proliferating spectrum of devices – providing protection to a heterogeneous world of connected devices requires a fundamentally new approach to security.  Frankly, the industry needed a paradigm shift – incremental improvements simply couldn’t bridge the opportunity gap. McAfee and Intel Corporation are joining forces to tackle this next generation cybersecurity issue which impacts everyone and anything connecting to the Internet."

Intel Corp - "With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online,” said Paul Otellini, Intel president and CEO.

“The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure,” Otellini added.

“Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow,” said James.

So, let us wait and see what's the next generation products from Intel after gaining the Mcafee.

Liked this Post???Rate & Comment on this Post, So we can serve you better.

Get Free Alerts:

Free alerts twitter smsalert email RSS Feeds

Tags: Intel acquired Mcafee, $48/share, total $7.68 billions, NEWS, Industy news, Intel, Mcafee.



Twitter Delicious Facebook Digg Stumbleupon Favorites More


Best Viewed in Mozilla Firefox, >IE6, Chrome, opera. Mobile Version
©2009-2012 All Rights reserved by Owner. Stuffadda ® is a Trade Mark owned by the owner of this page. By visiting this website you are accepting all the T&Cs.
Please read the Disclaimer | Email Admin.

Related Posts Plugin for WordPress, Blogger...