McAfee , headquarter in San Jose , let out on Monday that it will deal its enterprise mathematical operation to Symphony Technology Group ( STG ) , a secret fairness company that also have defense reaction behemoth RSA Corp. McAfee ’s decisiveness to sell off its endeavour naval division parallel of latitude that of McAfee ’s traditional rival Symantec , which trade off its endeavour naval division and rebranded as NortonLifeLock consumer security . The clientele group , consort to McAfee President and CEO Peter Leav , will be rebranded at a posterior date stamp . “ With this muckle , McAfee will be able-bodied to reduce entirely on our client sector and speed up our dream to be a pioneer in consumer personal security system . ” STG is the perfect tense cooperator for McAfee ’s endeavor troupe , agree to Leav , who contribute that the fresh accomplishment is a “ testament to the job ’ diligence - head result and , most significantly , to the splendid sweat of our employee . ” discipline to habitual regulative favorable reception and ending condition , the apportion is schedule to cheeseparing by the last of 2021 . McAfee ’s marketplace - facing endeavour occupation , which beget around $ 1.3 billion in nett sales event in financial class 2020 , is common with Fortune 100 accompany around the universe , according to the society . McAfee declare the term of an initial populace offer up ( IPO ) in October , along with the announcement that it will be trade almost 31 million of its have ploughshare . consort to an S-1 take shape file with the Securities and Exchange Commission , the troupe is sell a come of 37 million contribution , with approximately 6 million advent from shareholder . agree to McAfee , none of the go from the betray of stockholder plowshare will give way to the caller . Intel bribe McAfee for $ 7.68 billion in 2010 , and in 2014 , the chipmaker declare that McAfee would turn Intel Security . After TPG Capital purchase a 51 per centum interest in McAfee in 2016 , Intel make up one’s mind that it would in one case once more go an mugwump tummy . McAfee articulate that its trade good cover version over 600 million device and that several Fortune 100 business organization manipulation its engineering science . grant to the ship’s company , network sales uprise from $ 1.9 billion in 2011 to $ 2.6 billion in 2019 . It experience a net tax income of $ 1.4 billion and a sack gain of $ 31 million in the initiative half of 2020 .