/PRNewswire/ Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") today announced that it has completed its strategic equity investment.
FireEye, Inc. announced it has entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group (STG) in an.
FireEye has agreed sell its fledgling products business to Symphony Technology Group for $1.2 billion, undoing the 2014 acquisition that brought FireEye’s products and Mandiant’s services together.
FireEye has agreed sell its fledgling products business to Symphony Technology Group for US$1.2 billion, undoing the 2014 acquisition that brought FireE.
Another big name buyout by STG
Gareth Corfield Thu 3 Jun 2021 // 12:55 UTC Share
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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.