Intel announced a $7.68 billion all-cash deal last August for McAfee. It now has officially completed its acquisition of security giant McAfee. The deal was cleared by the EU in January, and approved by the FTC in late December.
McAfee will continue developing and selling security products and services under its own brand later in 2011. McAfee will report into Intel’s Software and Services Group. Renée James is the person that runs the group. McAfee is one of the largest security technology companies in the world and saw $2 billion in revenue in 2009. I think it is only a matter of time before they do security on a chip.