Intel instead plans to transition email security users to Proofpoint, a cybersecurity company that offers cloud-based email security protection, anti-spam compliance, and archiving software.
“Proofpoint has products to match our email security portfolio (albeit more feature rich) and has products that extend to adjacent messaging areas which Intel Security does not have. Further details on the partnership will be forthcoming shortly,” states Intel.
Intel will no longer sell the McAfee SaaS products as of January 2016, and will stop supporting the products in January 2019. As of January 11, 2021, the products will cease to work altogether. Intel originally purchased the services as part of its 2010 acquisition of McAfee, a deal reportedly valued at $7.68 billion. In 2014, Intel announced the name change from McAfee Security to Intel Security.
The company states in an FAQ online that the decision was made in an effort to create an “integrated system that delivers faster protection, detection and correction. To create that security system, we are investing in solutions for the endpoint, cloud, threat detection, and management that will ensure the security of the endpoint and cloud and all data traversing in between.”
Initial news of the partnership yesterday helped Proofpoint stock jump 12%.