photo credit: huangjiahui[/caption]Intel Corporation announced today that they have signed an explicit letter of intend to buy McAfee, Inc. In the takeover transaction Intel will buy all of McAfee's stock for $48 per share. The cash deal is valued about $7.68 billion.
The boards of the two companies have already approved the proposed transaction. The deal will close after McAfee's shareholders and the SEC have agreed. McAfee will after the deal be reporting to Intel’s Software and Services Group.
The idea behind the deal is to combine security software and hardware to make it more difficult for evil doers to develop computer viruses and offer a better protection for the consumer, which in this case are not only private parties, but large companies and governments.
Intel hopes to solve security concerns especially in the wireless market that result from millions of mobile computers and phones interacting. Intel already bought software companis in the past, like Wind River, Havok.
Wind River Systems is a real-time operating system vendor and embedded software provider. Havok is a middleware provider offering gaming and animation software.
Intel wants to handle the security concerns regarding the huge number of wireless devices, medical equipment and ATM's, as well as internet related security problems with a new approach were hardware and software are working closer together.
McAfee only had about 20% expenses from the 2 billion in revenue last year, the rest was profit and the company has been growing rapidly. It will be a nice asset for Intel, now supporting Intel's growth.
“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. “In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.
“Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow,” said Renée James, Intel senior vice president, and general manager of the group that will include McAfee. “This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility.”
McAfee is based in Santa Clara, California and was founded in 1987. It is the world’s largest anti-virus company. McAfee's revenue in 2009 was about $2 billion, which was produced by about 6,100 employees. Intel recently acquired several software companies in the fields of gaming, visual computing, embedded device and machine software and now it's adding anti-virus technology to it's roaster.
Intel expects that the deal will be completely profitable for the company in the third year. Excluding a one-time write down of deferred revenue when the transaction closes and amortization of acquired intangibles, Intel expects that the deal already add positively to the earnings.
Intel Acquiring McAfee
You can hear directly about the deal from Intel Senior VP Renee James and McAfee president and CEO Dave DeWalt.
0 التعليقات:
إرسال تعليق