The acquisition, which was announced on August 19th by the technology provider, is worth $7.7 billion and, according to Intel, an indication of how âsecurity is now a fundamental component of online computingâ.
According to Reuters, the acquisition could lead to a number of similar business deals taking place within the technology security solutions sector.
Daniel Ives, FBR Capital Markets analyst, told the news provider: âWe're in the early stages of a major consolidation in software, particularly in security.
"This deal speaks to the convergence of hardware and software, which is becoming increasingly more important as the industry consolidates."
Intelâs takeover of McAfee is another acquisition during a particularly busy period for deals of this nature, reports have claimed.
According to Thomson Reuters, an estimated $90 billion worth of M&A have taken place during the last week.
McAfee is the largest security software firm and made an estimated $2 billion in revenue during 2009.
By Jim Ottewill