The world's biggest computer chip manufacturer, Intel, has announced that it will be acquiring anti-virus and security technology firm McAfee for $7.68 billion (£5 bn).
With security becoming a higher and higher priority for manufacturers and consumers, particularly with the explosive growth of smartphones, GPS and other hi-tech devices in the last few years, Intel clearly sees the security industry as a place of growth.
Dave DeWalt, McAfee's president and CEO, underlining the importance of modern security software, said the following:
"The cyber threat landscape has changed dramatically over the past few years with millions of new threats appearing every month."
The deal still needs to be approved by the necessary shareholders and regulators but has been unanimously approved by the boards of directors for each company.
With security becoming a higher and higher priority for manufacturers and consumers, particularly with the explosive growth of smartphones, GPS and other hi-tech devices in the last few years, Intel clearly sees the security industry as a place of growth.
Dave DeWalt, McAfee's president and CEO, underlining the importance of modern security software, said the following:
"The cyber threat landscape has changed dramatically over the past few years with millions of new threats appearing every month."
The deal still needs to be approved by the necessary shareholders and regulators but has been unanimously approved by the boards of directors for each company.