McAfee, one of the most well-known names in antivirus software, has a long and storied history. In 2010, it was acquired by Intel, but after seven years, the company officially separated from Intel in 2017, becoming an independent security firm. Since then, McAfee has been on a mission to expand its capabilities, especially in the cloud security space.
One of its first major moves after independence was the acquisition of Skyhigh Networks, a promising cloud security startup. The deal, valued at around $400 million, marks a significant step for McAfee as it looks to strengthen its position in the evolving cybersecurity landscape. Skyhigh had previously raised $106 million in funding, with notable investors like Sequoia, Greylock, and Salesforce. The acquisition is expected to bring valuable cloud expertise into McAfee's portfolio.
This move comes at a time when cyber threats are no longer limited to enterprises—they increasingly target personal data as well. With more information being stored in the cloud, the need for robust security solutions has never been greater. By acquiring Skyhigh, McAfee is not just expanding its traditional terminal security offerings; it's also enhancing its cloud capabilities.
Rajiv Gupta, CEO of Skyhigh, will now lead McAfee’s cloud business unit, signaling a clear strategic shift. The integration of Skyhigh’s technology into McAfee’s existing products is expected to improve their ability to detect, track, and block cyber threats using advanced techniques like data analytics and machine learning.
Chris Young, McAfee’s CEO, emphasized that Skyhigh was ahead of its time in recognizing that cloud security should be a priority from the start, not an afterthought. Their development of the Cloud Access Security Broker (CASB) product category has been hailed as one of the fastest-growing areas in cybersecurity over the past five years. With McAfee’s strong security foundation and Skyhigh’s innovation, the combined company is well-positioned to stand out in a competitive market.
While Skyhigh’s current profitability remains unclear, McAfee has made a clear commitment to invest further in its growth. The company was valued at $4.2 billion when it became independent in April of this year, and this acquisition is seen as a smart move to solidify its future.
Gupta expressed his excitement about joining McAfee, stating that it aligns perfectly with Skyhigh’s vision of creating the safest possible cloud environment for enterprises. He believes this partnership will accelerate Skyhigh’s global expansion and help achieve its long-term goals. As the digital world continues to evolve, McAfee’s strategic acquisitions show that it’s ready to meet the challenges of tomorrow.
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