A career stop at the biggest name in virus protection will look good on any job hunter's résumé
Solid salaries and a strong benefits package
Strong work-life programs
Long hours and hectic days are the norm
Senior management can overlook contributions from even the hardest working employees
Promotions can be difficult to land
McAfee offers plenty of opportunities to a wide range of employees. However, long hours are the trade-off for excellent compensation packages.
For about 30 years, McAfee Inc. has guarded computers from cyberattack. The company’s security products offer threat detection, protection, and response for devices from a PC sitting on a desk at home to corporate networks to public, private, and hybrid cloud environments. It offers security management, security event and information management, and security analytics. McAfee also manages data loss prevention, mobile security, host intrusion prevention, encryption, and e-mail security. The company sells directly and through resellers to corporations and consumers, as well as to original equipment manufacturers. TPG Capital owns 51% of McAfee and Intel Corp. owns the other 49%.
Change in Company Type
Intel in 2011 bought McAfee, then a publicly traded company, for about $7.7 billion as part of an effort to assemble a cyber security business inside Intel. In 2016 the company sold 51% of McAfee to TPG Capital, a private equity firm, for about $3.1 billion and a commitment from TPG to invest about $1.1 billion in McAfree. Intel retained 49% of McAfee while TPG sold part of its share to Thoma Bravo, another private equity firm. TPG’s portfolio also includes security companies Tanium and Zscaler.
McAfee’s products span the detection and protection spectrum from PC systems and mobile devices for consumers to enterprise-grade network security offerings and the Internet of Things. The products offer data protection and encryption, database security, endpoint protection, network security, and web security. The company claims that its security offerings cover some 490 million endpoints, which include smart phones, computers, servers, and tablets.
The company also provides consulting on security and deploying McAfee products. McAfee Labs conducts research on threats around the world and issues regular reports on the types and numbers of incidents.
Sales and Marketing
McAfee’s products are sold directly to consumers and enterprises as well as through its network of strategic partners and resellers such as Dell, Lenovo, and Adobe. Trial versions of McAfee's consumer software often comes pre-installed on PCs manufactured by partners or bundled with other third-party software products. McAfee sells through retailers such as Best Buy, Fry’s, and Amazon.com.
McAfee has a wide range of customers, which include more than half of the Fortune 500 firms. It also has public sector customers such as government agencies and educational institutions.
McAfee, a private company, has not reported financial results since it was spun off as a standalone company. But the latest available figures, from Intel’s 2016 annual report, show that McAfee had revenue of about $2.2 billion in 2016, up from about $1.9 billion in 2015 and $2 billion in 2014. Operating income was $400 million for 2016, $213 million for 2015, and $164 million for 2014.
As an independent company, McAfee is free to chart its own course. The company has a long history of security expertise to call on, as well as a large database of threat intelligence to help guide it as the company develops new products and services. It has some 1,200 security technology patents. Under TPG McAfee has said it will apply greater market focus, build its platform, and make financial, operational, and technology investments to offer effective products.
Investments include research and development to add analytics, data science, and deep learning to provide better information to customers.
With the severity and frequency of cyberattacks rising, the cyber security business is booming. McAfee faces a lineup of rivals that include security focused companies like Symantec, F5, Check Point Technologies, Forcepoint, Trend Micro, FireEye, and Fortinet. Other competitors are bigger companies that offer security as part of their other products. Those companies include Cisco Systems, IBM, Dell Technologies, and Microsoft.
Mergers and Acquisitions
McAfee uses acquisitions to expand its product line, adding new technologies and capabilities that address the increasingly complex security threats that networks and computers face.
In 2018 the company bought TunnelBear, a Canadian firm that provides public VPN services meant to protect data and add extra security for consumers connecting to public Wi-Fi networks.
The previous year it purchased Skyhigh Networks, which develops security applications for cloud computing. Skyhigh's cloud access security broker (CASB) offerings strengthen McAfee's security portfolio. The price of the deal was not disclosed.
2821 MISSION COLLEGE BLVD
Santa Clara, CA 95054-1838
Phone: 1 (888) 847-8766
Employer Type: Privately Owned
President: Michael P. DeCesare
Intel Fellow, Intel Security Group and CTO: Steve Grobman
General Manager, Intel Security Group: Christopher Young
Employees (This Location): 148
Employees (All Locations): 6,300
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