The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said.
In the last few years, McAfee has strengthened its main cybersecurity software business that focuses on retail customers via price increases, new partner programs and good retention rates.
Its enterprise business recorded $1.3 billion in net revenue in fiscal year 2020, McAfee said.
Goldman Sachs & Co LLC and Morgan Stanley & Co LLC acted as financial advisers to McAfee, while Ropes & Gray LLP served as legal adviser. UBS Investment Bank, Jefferies LLC and BofA Securities acted as financial advisers, and Paul Hastings LLP acted as legal adviser to Symphony.