New-Tech Europe | September 2016 | Digital Edition

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capitalize on significant global growth opportunities through greater focus and targeted investment. The new company will be one of the world’s largest pure-play cybersecurity companies. Last year, Intel Security unveiled a new strategy that refocused the business on endpoint and cloud as security control points, as well as actionable threat intelligence, analytics and orchestration. This new strategy allows customers to detect and respond to more threats faster and with fewer resources. Chris Young will be appointed CEO of the new company upon closing of the transaction. Today he published an open letter to Intel Security’s stakeholders outlining benefits of the transaction and new company. “As a standalone company supported by these two partners, we will be in an even greater position of strength, committed to being the best provider the cybersecurity industry has ever seen,” Young said. “We will continue to focus on solving the unique demands of customers in the dynamic cybersecurity marketplace, drive innovation that anticipates future market needs, and continue to grow through our strategic priorities.” Currently, Intel Security’s comprehensive software platform

protects more than a quarter of a billion endpoints, secures the footprint for nearly two-thirds of the world’s 2,000 largest companies, detects more than 400,000 new threats each day, and represents more than 7,500 strong of the industry’s most talented professionals. The business has demonstrated strong momentum. Through the first half of this year, Intel Security Group revenue grew 11 percent to $1.1 billion, while operating income grew 391 percent to $182 million. Intel Security also increased total bookings 7 percent per year on a constant currency basis from 2013 to 2015.1 Under the terms of the agreement, TPG will own 51 percent of a newly-formed cybersecurity company in a multi-step transaction valuing Intel Security at approximately $4.2 billion, based on an equity value of approximately $2.2 billion plus McAfee net debt of approximately $2 billion. The debt initially will be financed by Intel until completion of audited financial statements for McAfee (expected within three to five months of close). The transaction is expected to close in the second quarter of 2017, subject to certain regulatory approvals and customary closing conditions.

Mocana Security of Things Platform™ integrates support for the Infineon OPTIGA™ TPM

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Mocana Corporation take IoT security to the next level. Embedded systems security specialist Mocana integrates support for the Infineon OPTIGA™ TPM (Trusted Platform Module) security controller as a standard feature into its latest Security of Things Platform™. Developers who choose Mocana’s platform for smart factories, infrastructure, automotive and

aspects of connected devices through a comprehensive collection of services such as pre-boot verification, certificate management, cryptographic engines, secured data transport and secured firmware updates. The platform with integrated support for the OPTIGA TPM family will be available in Q4 2016. OPTIGA TPMs are standalone security controllers based on

other security-critical IoT designs can now quickly and easily integrate hardware protection into their devices. In addition, millions of IoT devices that already incorporate OPTIGA TPMs from market leader Infineon could benefit from the advanced security features offered by the Mocana software platform. The Mocana Security of Things Platform secures manifold

the international standards of the Trusted Computing Group (TCG). TPMs protect integrity and authenticity of embedded systems by implementing advanced cryptographic algorithms in hardware. These established devices have been used successfully to provide security in PCs for over 15 years and are increasingly included into different embedded systems. A TPM can be thought

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