Symphony Technology Group Acquires FireEye Products Business; McAfee Enterprise and FireEye Combine
June 2, 2021
A consortium led by private equity firm Symphony Technology Group (STG) agreed to acquire the FireEye Products business (including the FireEye name) in an all-cash transaction valued at $1.2 billion. After closing, the FireEye Products business was combined with McAfee Enterprise to form a $2 billion cybersecurity product company serving roughly 40,000 customers and about 5,000 employees, while Mandiant (the remaining business) focuses on its intelligence and services platform.
- Targets
- FireEye Products business (including the FireEye name)
- Sellers
- Mandiant, Inc. (formerly FireEye, Inc.)
- Platforms
- McAfee Enterprise
- Industry
- Cybersecurity
- Location
- California, United States
- Transaction Type
- Buyout
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