CRN reported that Intel Security has agreed to sell its McAfee Next-Generation Firewall and Firewall Enterprise business to the Raytheon|Websense joint venture. The pending acquisition was announced to Raytheon|Websense employees on Monday in an internal memo, and will be the entity's first acquisition since Raytheon acquired a majority stake in Websense for $1.9B from Vista Equity Partners in May.
According to CRN, for Raytheon|Websense, "the acquisition also expands the hybrid cloud capabilities of the company's Triton security platform, as well as adds key security talent to the company's lineup." For Intel Security, "the divestiture of the two McAfee brands fits into a strategy of stepping away from product lines that do not fit into its new strategy around security outcomes for protection, detection and correction."
The transaction is expected to close at the end of the year.
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