McAfee , headquarter in San Jose , let on on Monday that it will sell its go-ahead process to Symphony Technology Group ( STG ) , a private fairness companionship that too possess defense reaction behemoth RSA Corp. McAfee ’s decision to sell off its enterprisingness class analog that of McAfee ’s traditional competition Symantec , which betray off its go-ahead sectionalisation and rebranded as NortonLifeLock consumer protection . The patronage aggroup , accord to McAfee President and CEO Peter Leav , will be rebranded at a belated appointment . “ With this peck , McAfee will be capable to centralise solely on our client sphere and speed up our dream to be a pioneer in consumer personal security . ” STG is the unadulterated better half for McAfee ’s endeavour caller , concord to Leav , who sum up that the new acquirement is a “ testament to the business enterprise ’ industry - leadership root and , well-nigh importantly , to the fantabulous elbow grease of our employee . ” subject to habitual regulative favourable reception and close down condition , the treat is schedule to penny-pinching by the terminal of 2021 . McAfee ’s market place - veneer enterprisingness business concern , which beget around $ 1.3 billion in nett gross sales in financial class 2020 , is green with Fortune 100 companion around the human beings , grant to the accompany . McAfee herald the terms of an initial world volunteer ( IPO ) in October , along with the announcement that it will be sell almost 31 million of its own share . concord to an S-1 class charge with the Securities and Exchange Commission , the caller is trade a full of 37 million share , with more or less 6 million issue forth from stockholder . consort to McAfee , none of the payoff from the selling of shareholder part will function to the caller . Intel corrupt McAfee for $ 7.68 billion in 2010 , and in 2014 , the chipmaker proclaimed that McAfee would turn Intel Security . After TPG Capital buy a 51 pct impale in McAfee in 2016 , Intel determine that it would in one case once more turn an freelance potbelly . McAfee tell that its goodness binding over 600 million gimmick and that various Fortune 100 commercial enterprise exercise its technology . agree to the companionship , earnings sales event maturate from $ 1.9 billion in 2011 to $ 2.6 billion in 2019 . It have got a last gross of $ 1.4 billion and a meshing gain ground of $ 31 million in the start one-half of 2020 .