Another big name buyout by STG
Gareth Corfield
Thu 3 Jun 2021 // 12:55 UTC
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FireEye has been sold for $1.2bn to the same American private equity fund that bought McAfee’s enterprise security business, severing it from infosec stablemate Mandiant.
The sale to Symphony Technology Group (STG) will see threat intel and incident response business Mandiant return to the market as a standalone operation in Q4 this year, FireEye said in a statement.
“We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” added FireEye chief exec Kevin Mandia.
FireEye’s product security biz is being transferred to STG, where it will sit alongside McAfee’s enterprise security division, which STG bought for $4bn in March.