News Posts matching "cybersecurity"

Return to Keyword Browsing

Intel and TPG to Set Up McAfee as an Independent Company Valued at $4.2 Billion

Intel Corporation and TPG today announced a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company. The new company will be called McAfee following transaction close. TPG will own 51 percent of McAfee and Intel will own 49 percent in a transaction valuing the business at approximately $4.2 billion. TPG is making a $1.1 billion equity investment to help drive growth and enhance focus as a standalone business.

Through this transaction, TPG, a leading global alternative asset firm with demonstrated expertise in growing profitable software companies and carve-out investments, and Intel, a global technology leader that powers the cloud and billions of smart, connected computing devices, will work together to position McAfee as a strong independent company with access to significant financial, operational and technology resources. With the new investment from TPG and continued strategic backing of Intel, the new entity is expected to capitalize on significant global growth opportunities through greater focus and targeted investment.

Microsoft Unveils state-of-the-art Cybercrime Center

Microsoft Corp. on Thursday announced the opening of the Microsoft Cybercrime Center, a center of excellence for advancing the global fight against cybercrime. The Cybercrime Center combines Microsoft's legal and technical expertise as well as cutting-edge tools and technology with cross-industry expertise, marking a new era in effectively fighting crime on the Internet.

Each year, cybercrime takes a personal and financial toll on millions of consumers around the globe. The Cybercrime Center will tackle online crimes, including those associated with malware, botnets, intellectual property theft and technology-facilitated child exploitation. The work done at the Cybercrime Center will help ensure that people worldwide can use their computing devices and services with confidence.
Return to Keyword Browsing