FireEye announces the sale of its FireEye product business to Symphony Technology Group for $ 1,2 billion. The cash transaction enables high-growth Mandiant Solutions business.
FireEye, Inc. announced that it has entered into a binding agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group (STG) in a cash transaction for US $ 1,2 billion - dollars (before taxes and transaction-related costs).
More money for Mandiant Solutions business
The transaction is expected to close by the end of the fourth quarter of 2021 and subject to customary regulatory approvals and closing conditions. FireEye's network, email, endpoint and cloud security products, along with the associated security management and orchestration platform, are separated from the open-ended software and services from Mandiant. This will enable both companies to make further investments in growth, pursue new marketing channels and focus innovations on their respective solutions. The FireEye product business and Mandiant Solutions will continue to operate as a single entity until the transaction is completed. This enables the management and the Symphony Technology Group to ensure a successful transition of the FireEye product business into an independent unit within the STG portfolio.
Focus on Mandiant
Mandiant Solutions has established itself as the market leader in threat intelligence and cybersecurity expertise at the forefront, serving companies, governments and security agencies worldwide. With a mission to protect any organization from cyber threats, Mandiant is scaling its intelligence and expertise through the open Mandiant Advantage SaaS platform. With Mandiant Advantage, customers of all sizes can access the latest threat intelligence, automate the investigation and prioritization of alarms, and validate the effectiveness of any security tool from any vendor.
More at FireEye.com
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