At the ongoing Focus 16 conference in Las Vegas, Nevada, Intel Security has unveiled a new corporate brand that will represent the company as it goes back to the McAfee name after it completes its separation from parent company Intel in April 2017.
The announcement was led by Chris Young, Senior Vice President and GM, Intel Security Group, who also revealed the new tagline of the company – ‘Together is Power.’
According to Young, the move to become an independent company is part of its objective to become “largest pure-play cybersecurity company” in the world. “More than that, we aim to not only be the largest cybersecurity company in the world, we also promise to not rest until we are the best player in this space. The reason being over the last few years many of you have pushed us to do better and enable you with more capabilities to solver today’s cybersecurity challenges,” said Young.
The soon-to-be McAfee CEO also underlined that the move is driven by three key reasons – focus, innovation and accelerated growth. “Firstly, we want to be 100 percent focused on cybersecurity at a company level. Everything we will do from then will be targeted at helping our customers solve their cybersecurity challenges,” explained Young. “Secondly, just like our company’s focus our innovations will be centred on cybersecurity as well. Lastly, our industry is moving faster than any other sub-segment of IT and so we have to grow more quickly than any other players in this space.”
As a standalone organisation, Young noted that the company will have around 7,500 employees globally with $2 billion in revenue. “Moreover, as we take the name McAfee for the new company we’re looking forward to the future and we’re not looking back. However, what won’t change with the ‘new McAfee,’ is our commitment to our strategies, products and partners.”
Further into the event, Young also highlighted that Intel Security, over the last year, has invested over $500 million in research and development. The company had also expanded its workforce and on-boarded more engineers and product managers. In addition, the firm also increased its investments in user experience and developed 18 new products and integrations.
