FireEye Sells Products Business to Symphony Group for $1.2B

The transaction will include the FireEye brand name; the business that remains will be called Mandiant Solutions.

FireEye announced today it will sell its products business, including the FireEye name, to Symphony Technology Group for $1.2 billion in cash. The remaining company will be called Mandiant Solutions.3ews
This transaction will separate FireEyes network, email, endpoint, and cloud security products, as well as the related security management and orchestration platform, from Mandiants software and services. The Mandiant division has become better known for its work in threat intelligence and security expertise, helping business around the world detect and remediate attacks.
The split will enable both organizations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions, officials wrote in a release.
After closing, we will be able to concentrate exclusively on scaling our intelligence and frontline expertise through the Mandiant Advantage platform, while the FireEye Products business will be able to prioritize investment on its cloud-first security product portfolio, said FireEye CEO Kevin Mandia in a statement.
Both businesses will continue to operate as a single entity until the deal closes, which is expected to be in the fourth quarter of 2021, giving STG time to transition the FireEye Products business to a standalone entity within its portfolio, officials said in a statement.
Read the
full release
for more information.

Last News
▸ New threat discovered: Mobile phone ownership compromised. ◂ Discovered: 23/12/2024 Category: security	▸ Some DLP Products Vulnerable to Security Holes ◂ Discovered: 23/12/2024 Category: security	▸ Scan suggests Heartbleed patches may not have been successful. ◂ Discovered: 23/12/2024 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
FireEye Sells Products Business to Symphony Group for $1.2B