Despite double-digit growth in its most recent fiscal quarter, US cybersecurity vendor Rapid7 is pivoting to MSPs and shedding around 18 per cent of its workforce.
FireEye bought out Mandiant in 2014 for $1bn (€822m).
The US security vendor said the sale will enable both organisations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions.
The FireEye products business and Mandiant Solutions will continue to operate as a single entity until the transaction closes, allowing management and STG to develop a successful transition of the FireEye products business to a standalone entity within the STG portfolio. We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organisations to better serve customers, said FireEye CEO, Kevin Mandia. 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 prioritise investment on its cloud-first security product portfolio.