McAfee to offload enterprise business for $4bn, focus on consumer security

McAfee to offload enterprise business for $4bn, focus on consumer security

McAfee will sell off its enterprise business to private equity firm Symphony Technology Group (STG) for $4bn in cash, the venerable security biz announced on Monday.


The deal comes just months after McAfee went public and the news saw its share price jump three per cent. After selling off its enterprise arm McAfee will focus on its consumer security business, using its wide brand recognition to grab more of the growing cybersecurity market. Meanwhile, STG adds another enterprise security scalp to its growing collection.

It is with some irony then that the man whose name is that brand – founder John McAfee – is again in trouble for alleged illegal behavior. On Friday, McAfee was
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