Security News
The company revealed in an S-1 form filed with the U.S. Securities and Exchange Commission that it's offering a total of 37 million shares, including roughly 6 million from stockholders. It expects the IPO price to range between $19 and $22 per share, which could earn McAfee up to $682 million and stockholders another $132 million, for a total of $814 million.
McAfee - the antivirus vendor, not the totally sane and level-headed man who founded it - is reportedly looking to raise more than $600m in its upcoming IPO. The news comes some weeks after McAfee made a placeholder valuation of $100m in its IPO filing, with investment speculators reckoning the final sum might top $2bn. The business will offer around 31 million shares to the market at $19-$22 apiece, according to the S-1. In the first six months of to 27 June 2020, McAfee claimed a net profit of $31m; last fiscal year it reported revenues of $2.6bn - and a net loss of $236m.
McAfee announced the expansion of its MVISION portfolio with three all-in-one software-as-a-service solution offerings - McAfee Device-to-Cloud suites. All three suites include McAfee MVISION Insights, the industry's first proactive and actionable threat posture capability that prioritizes risk, predicts the success of countermeasures and prescribes remedial actions.
The United States Department of Justice on Monday unsealed an indictment that charges John David McAfee with tax evasion. An English-American businessman, computer programmer, and political activist, John McAfee founded cybersecurity firm McAfee Associates in 1987 and ran it until 1994.
Two US government tentacles this week snared John McAfee, accusing the one-time antivirus mogul of tax evasion and breaking securities law. McAfee was cuffed in Spain, and is awaiting extradition to the US. McAfee is set to face trial on ten criminal charges of tax evasion and willful failure to file tax returns, brought by the Dept of Justice.
A registration statement filed by McAfee on Monday with the U.S. Securities and Exchange Commission shows that the company is planning on returning to public markets. In its SEC filing, McAfee listed the offering size at $100 million, but Renaissance Capital research analysts say the amount is likely a placeholder and they estimate that the deal could help the company raise up to $2 billion.
Security software outfit McAfee has filed to return to the stock market. McAfee has been there before: when Intel bought the company in 2010 it was listed on the New York Stock Exchange.
McAfee announced its latest consumer security portfolio that includes enhanced products with better user experiences such as a native VPN and new features, including integrated social media and tech scam protection. Meeting consumers in their current realities, these new functionalities are designed to protect users from current threats as they navigate professional and personal life from home.
McAfee announced the appointment of Venkat Bhamidipati as executive vice president and chief financial officer effective September 2, 2020. Bhamidipati joins McAfee from Providence, a healthcare company with $25B in annual revenues, where he was executive vice president and chief financial officer.
McAfee announced significant enhancements to its Secure Access Service Edge solution delivered by MVISION Unified Cloud Edge by launching easy-to-use integrations with third-party Software-Defined Wide Area Networking solutions, and extending its UCE platform to enable global strategic partners to deliver managed SASE offerings. McAfee continues to progress engagement with leading global service providers Atos and BT to offer a range of managed Web, CASB, and SASE offerings to help organizations who are struggling with the challenges of digital transformation.