Intel completes acquisition of McAfee

NEW DELHI: Chip giant Intel today said it has completed the acquisition of security software solution provider McAfee.

In August last year, Intel had announced the acquisition of McAfee for USD 7.68 billion.

While McAfee will continue developing and selling security products and services under its own brand, Intel and McAfee plan to bring the first products of their strategic partnership to market later this year, Intel said in a statement.

As a wholly-owned subsidiary of Intel, McAfee will report into Intel's Software and Services Group. The group is managed by Renée James, Intel Senior VP and General Manager.