The rebranding will begin immediately, but the company estimates it will take a year to complete. The red McAfee shield logo will remain.
Along with the rebranding, Intel is offering the mobile version of McAfee's security solutions for free to use on iOS and Android devices.
The controversial founder of McAfee company, John McAfee told BBC that he was elated by the name change.
"I am now everlastingly grateful to Intel for freeing me from this terrible association with the worst software on the planet. These are not my words, but the words of millions of irate users." he said.