U.S. cybersecurity firm FireEye Inc (FEYE.O) said on Wednesday it would sell its products business, including the FireEye name, to a consortium led by private-equity firm Symphony Technology Group for $1.2 billion in cash.
FireEye Logo.
| Photo Credit: Reuters
The deal will separate FireEye s network, email and cloud security products from its cyber forensics unit, Mandiant Solutions. The deal is expected to close by the end of the fourth quarter.
(Subscribe to our Today s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)
U.S. cybersecurity firm FireEye Inc said on Wednesday it would sell its products business, including the FireEye name, to a consortium led by private-equity firm Symphony Technology Group for $1.2 billion in cash.
The deal will separate FireEye s network, email and cloud security products from its cyber forensics unit, Mandiant Solutions.