29 Facts About McAfee


Company was founded in 1987 as McAfee Associates, named for its founder John McAfee, who resigned from the company in 1994.

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In 1993, McAfee stepped down as head of the company, taking the position of chief technology officer before his eventual resignation.

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In 1996, McAfee had acquired Calgary, Alberta, Canada-based FSA Corporation, which helped the company diversify its security offerings away from just client-based antivirus software by bringing on board its own network and desktop encryption technologies.

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McAfee acquired Trusted Information Systems under the banner of Network Associates in 1998.

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In mid-2004, the company sold the Sniffer Technologies business to a venture capital backed firm named Network General, and changed its name back to McAfee to reflect its focus on security-related technologies.

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In 2007, McAfee launched the Security Innovation Alliance, a program focused on cultivating partnerships with other tech companies and integrating third-party technology with McAfee's security and compliance risk management technology.

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On March 11, 2008, McAfee announced a license agreement with the US Department of Defense.

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CEO David DeWalt resigned in 2011, and McAfee appointed Michael DeCesare and Todd Gebhart as co-presidents.

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In 2011, McAfee partnered with SAIC to develop anti-cyber espionage products for use by government and intelligence agencies, along with telecommunications companies.

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In 2018, McAfee expanded its Security Innovation Alliance partnerships to include companies such as Atos, CyberX, Fidelis Cyber-security, Aujas, and Silver Peak.

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In July 2019, McAfee began meeting with bankers to discuss returning to the market as an IPO.

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McAfee shares were traded on the NASDAQ stock exchange under ticker symbol MCFE, marked its return to the public market after 9 years.

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McAfee primarily develops digital-security tools for personal computers and server devices, and more recently, for mobile devices.

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On June 6, 2006, McAfee announced that it would acquire Preventsys, a California-based company offering security risk management products.

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On July 31, 2008, McAfee announced it would acquire Reconnex, a maker of data protection appliances and software.

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On September 22, 2008, McAfee announced an agreement to acquire Secure Computing, a company specializing in network security hardware, services, and software products.

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On July 30, 2009, McAfee announced plans to acquire managed email and web security vendor MX Logic.

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On May 25, 2010, McAfee announced a definitive agreement to acquire Trust Digital, a privately held online security company that specialized in security for mobile devices.

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The acquisition allowed McAfee to extend its services beyond traditional endpoint security and move into the mobile security market.

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On July 29, 2010, McAfee announced a definitive agreement to acquire tenCube, a privately held online security company that specialized in anti-theft and data security for mobile devices.

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On March 23, 2011, McAfee announced its intention to acquire privately owned Sentrigo, a leading provider of database security, including vulnerability management, database activity monitoring, database audit, and virtual patching—which ensure databases are protected without impacting performance or availability.

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On October 4, 2011, McAfee announced its intention to acquire privately owned NitroSecurity, a developer of high-performance security information and event management solutions that protect critical information and infrastructure.

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On February 26, 2013, McAfee announced it had acquired the ValidEdge sandboxing technology.

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On July 8, 2013 McAfee completed the tender offer for Finnish network firewall design company Stonesoft Oyj worth $389 million in cash, or about $6.

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In March 31, 2020, McAfee acquired Lightpoint Security, which will extend the capabilities of multiple McAfee products.

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In October 2006, McAfee fired its president Kevin Weiss, and its CEO George Samaneuk resigned under the cloud of a recent SEC investigation which caused the departure of Kent Roberts, the General Counsel, earlier in the year.

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McAfee rectified this by removing and replacing the faulty DAT file, version 5958, with an emergency DAT file, version 5959 and has posted a fix for the affected machines in their consumer knowledge base.

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McAfee rolled out additional capabilities in Artemis that provide another level of protection against false positives by leveraging a whitelist of hands-off system files.

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McAfee was criticized for being slow to address the problem, forcing network operations to spend time diagnosing the issue.

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