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FireEye to sell product group in $1.2B deal, will retain Mandiant business


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Cybersecurity firm FireEye Inc. today announced that it will sell its products group to private equity company Symphony Technology Group for $1.2 billion.
Under the deal, FireEye is also selling its name and core business but will retain assets that were acquired from Mandiant Inc. in a $1 billion stock-and-cash deal in 2014.
The sale is described as separating FireEye’s network, email, endpoint and cloud security products, along with the related security management and orchestration platform, from Mandiant’s controls-agnostic software and services. The goal is “enabling both organizations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions.” In effect, Mandiant returns as a separate company years after it was acquired. ....

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