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McAfee Announces SaaS Business Unit

McAfee SaaS Security Business Unit will expand the company's software as a service offerings and extend McAfee's current "in the cloud" capabilities
SANTA CLARA, Calif.--(BUSINESS WIRE)--McAfee, Inc. (NYSE:MFE), the world's largest dedicated security company, today announced it has created a new business unit to enhance and expand the company's software as a service offerings and extend McAfee's current "in the cloud" capabilities. The business unit will be responsible for all products within McAfee delivered over the Internet, including security scanning services, Web and e-mail security services and remote managed host-based security software and hardware.

"We're positioning McAfee for sustained growth by building the scale and scope the company needs for the future," said Dave DeWalt, McAfee president and chief executive officer. "McAfee has always been a SaaS leader, and the new business unit will enable us to further strengthen our current solutions and introduce new, innovative services. We continue to drive toward our goal of becoming the world's number one security vendor."

McAfee has established a strong leadership position in SaaS with millions of customers already using its security as a service products. This is a growing market space, analyst firm IDC predicts the worldwide IT SaaS market will reach nearly $20 billion in revenue by 2012 from just under $9 billion in 2008. (Economic Crisis Response: Worldwide Software as a Service 2008"2012 Forecast Update)

SaaS Veteran Recruited to Lead New Business Unit

McAfee has named Marc Olesen senior vice president and general manager of the SaaS Security Business Unit. Olesen was previously vice president of SaaS business at HP and has held executive positions at Qwest Cyber Solutions and BearingPoint. He will report to DeWalt and Christopher Bolin, McAfee chief technology officer and executive vice president.

"McAfee has a history of firsts in the SaaS arena and I will work relentlessly to make McAfee the undisputed leader in security as a service," said Olesen. "In today's economic climate SaaS is an appealing option for IT leaders because of its cost effectiveness. There is significant pressure to reduce spending while maintaining high levels of service, and McAfee's SaaS offerings help companies do both by allowing them to adopt what they need right now and to adjust as their business needs evolve."

SaaS has gained in popularity amongst IT professionals because of its many clear benefits for customers, including accelerated time to value with pre-deployed software, lower up-front costs, no additional hardware and lower internal staffing requirements. Additionally, SaaS provides great reliability, security and privacy with guaranteed uptime and disaster recovery benefits, plus higher productivity at a lower total cost of ownership.

Current McAfee' SaaS products and technologies include:

* Artemis -- the world's first real-time malware intelligence service currently used by over 20 million users * TrustedSource -- a reputation system that does real-time correlation of Web, e-mail and network traffic and feeds intelligence into McAfee gateway security products * McAfee SiteAdvisor' -- the leading Web security offering for consumers and businesses that scans 95% percent of the trafficked Web and processes billions of requests daily to protect users from malicious Web sites * McAfee Total Protection Service -- an easy to manage security service used to protect millions of systems for organizations small and large * McAfee Email Security Service -- a hosted email service for organizations that stops e-mail borne attacks and spam before reaching the customer's network * McAfee PCI Certification Service -- a simplified, easy-to-use system that lets merchants to successfully satisfy Payment Card Industry security compliance demands * McAfee Web Security Service and Foundstone On Demand -- accurate vulnerability scanning and actionable reporting to confirm the security of an organization's network perimeter * McAfee Web Protection Service -- a hosted service for organizations that stops Web-borne attacks before reaching the customer's network * McAfee Partner Security Service Program -- offering a SaaS toolkit in the form of an online Partner Security Dashboard that allows MSPs, MSSPs, and other service providers to deliver hosted and managed services based on McAfee technology.

The McAfee SaaS Security Business Unit joins McAfee's other business units in Network Consumer, Risk and Compliance, and Data Protection business units to provide increased focus, responsiveness, and accountability within the diverse security business. Each unit is designed to be entrepreneurial and responsive within a specific market, moving quickly to seize emerging opportunities and foster focus and familiarity within a particular market and its customers.

About McAfee, Inc.

McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. McAfee is relentlessly committed to tackling the world's toughest security challenges. The company delivers proactive and proven solutions and services that help secure systems and networks around the world, allowing users to safely connect to the Internet, browse and shop the web more securely. Backed by an award-winning research team, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. http://www.mcafee.com

NOTE: McAfee and any additional McAfee marks herein are registered trademarks of McAfee, Inc. and/or its affiliates in the U.S. and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. All other registered and unregistered trademarks herein are the sole property of their respective owners. 2009 McAfee, Inc. All rights reserved.