California global security services company McAfee has made its first acquisition since spinning out of Intel , with the purchase of cloud security specialist IP ##S . Although no financial details were revealed , it was valued at approximately $ 400 m following a recent funding round . McAfee CEO John Young praised the firm 's cloud access security broker product , dubbed by analysts as " one of the fastest - growing areas of information security investments of the past five years " . After spinning out as a standalone security business from Intel earlier this year, McAfee has made its first acquisition. McAfee was valued at $ 4.2bn at the time it separated from Intel in April .
California global security services company McAfee has made its first acquisition since spinning out of Intel , with the purchase of cloud security specialist IP ##S . Although no financial details were revealed , it was valued at approximately $ 400 m following a recent funding round . McAfee CEO John Young praised the firm 's cloud access security broker product , dubbed by analysts as " one of the fastest - growing areas of information security investments of the past five years " . McAfee was valued at $ 4.2bn at the time it separated from Intel in April .