Intel Security rebrands as McAfee
Intel Security has completed its split from Intel and will now operate independently as McAfee. Intel will retain a 49% stake in the rebranded $4.2bn firm, with the remaining 51% owned by private investors TPG and Thoma Bravo. US-based McAfee's antivirus software has more than 200 million customers.

Global cyber-security firm Intel Security has been renamed McAfee and now operates as an independent company, completing a split from Intel that was flagged in September.

Intel continues to own 49 per cent of the new entity, which was valued at $US$4.2 billion ($5.5 billion). Private equity investors TPG and Thoma Bravo own the remaining 51 per cent.

McAfee's Brian Dye described cyber security as 'the most pressing technical issue of our time'. Credit: Bloomberg

Widely known for its antivirus software, US-based McAfee has more than 200 million customers and detects more than 400,000 new threats a day.

McAfee is installed on 300,000 devices across a range of Australian government agencies.