So, McAfee is not Intel anymore?

After a takeover in 2011, McAfee was an Intel company. In September 2016, however McAfee has taken a step further to become a standalone company once again. It now claims to be one of the largest internet security companies globally with a business valuation of 4.2 billion dollars.

Mcafee Antivirus is a household name in many households with a desktop / laptop computer around the world. It has been around for almost three decades now. Started by America programmer John McAfee this was at one point the most potent antivirus and it still claims to be so.

Even though McAfee is an independent entity now, previous parent company Intel still retains 49% stake in the new company. Alternative asset management firm TPG has taken up the lions share of 51% thus giving Mcafee a new identity it required to make it bigger in the competitive cyber security market.

"We spin out today to become a standalone — one of the largest standalone security companies globally, so we're very excited," Gavin Struthers, global SVP and Asia Pacific president at McAfee, told CNBC.

According to Struthers, Asia Pacific operations of McAfee have two main areas to focus. First one being the saturated markets of Mcafee Australia and Singapore and secondly the emerging markets of Indian Sub-continent, East Asia. He was not very particularly enthusiastic about the scope in China.

As far as the future prospects of the new company are concerned, he said - The growth of the requirement of cyber security will only increase as more and more people join Internet revolution on developing countries and individuals, families and even things like household appliances go online and make them selves a possible target for hackers.