On March 8, 2021, McAfee issued a press release announcing the sale of its enterprise business and plans to focus exclusively on the consumer security market.
The news was not entirely unexpected. Many large clients had become increasingly disenchanted with the firm’s ‘security supermarket’ approach to cyber-risk management, and the resulting costs and complexities of having to manage and upgrade multiple incompatible toolkits.
McAfee had also stumbled in its efforts to update its legacy AV technologies and meet customer demands for effective endpoint detection and response solutions.