McAfee President and Chief Executive Officer Peter Leav says that his company has decided to direct the firm’s resources to the consumer side of the business. It should pair well with RSA, another enterprise-focused security company the private equity firm purchased last February for $2 billion. Security firm McAfee is selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion.
However, the company has not been without controversy during its near-25-year history.Ģ021.
Avast, founded in 1988, focuses on cybersecurity software for consumers and small and medium-sized businesses and describes itself as one of the largest security companies. NortonLifeLock, formed in 2019 as a spin-off from Symantec, says the deal will create an industry-leading consumer cyber safety business and dramatically expand its user numbers thanks to Avast’s 435 million-strong customer base. cybersecurity firm NortonLifeLock has acquired Czech rival Avast for $8.1 billion in order to create a global consumer security powerhouse. NortonLifeLock and Avast merge in $8.1B deal While that is an unlikely outcome, the provision provides shareholders with some proof the company got the best deal it could for them.Ģ021. It’s worth noting that McAfee built in a “go shop” provision into the deal, a fairly common practice that gives it 45 days to find a better price.
The company will certainly have a lot of bosses to deal with. How that will work isn’t completely clear. The investor group companies will each be providing financial and operational resources. Investor consortium to acquire McAfee for $14BĬybersecurity software company McAfee took another interesting twist today when an investor consortium consisting of six investment firms announced that they were purchasing the company for $14 billion.