“While our future is exciting, it is built on a foundation of enduring commitment with partners and our mutual customers. … In short, this announcement represents no disruption to our ongoing relationship with each other or our mutual customers,” Young said.

“Thank you for representing us in the market each day. Your trust in us is deeply valued and we are committed to succeeding with you as we build the best cybersecurity company this industry has yet seen,” he said.

Jane Wright, principal analyst at Technology Business Research, called the move to spin out Intel Security “very good," adding that it will help the security vendor make the most of the McAfee brand and assets to meet the growth of its peers. She said Technology Business Research estimates the company is growing at 1.6 percent year over year for business security, compared with overall market growth of around 11 percent.

“Something needed to happen,” Wright said.

Wright, in particular, said Intel Security should use the opportunity to invest in as-a-service solutions across all areas of the business to meet shifting customer buying patterns.

Andrew Nowinski, senior research analyst at Piper Jaffray, said it's hard to say yet how the deal will impact the industry overall, but that TPG’s sizable investment in Intel Security will likely improve its position in the market. TPG said it plans to make a $1.1 billion equity investment in the company.

“That will certainly make them a more relevant player in the space,” Nowinski said.