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S&P 500, Nasdaq weighed down by inflation worries after upbeat data

S&P 500, Nasdaq weighed down by inflation worries after upbeat data
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FireEye sold to private equity, Mandiant regains independence

FireEye sold to private equity, Mandiant regains independence FireEye has agreed to sell its products business and name to a private equity consortium, while Mandiant will spin out as an independent threat intel business Share this item with your network: By Published: 03 Jun 2021 11:33 FireEye has entered into a definitive agreement to sell its products business and name to a consortium led by private equity tech investor Symphony in a $1.2bn, all-cash transaction that will see the threat intelligence unit Mandiant – which it bought in 2013 – spun out. The deal, which will supposedly close by the end of 2021 subject to the usual hoops being jumped through, will separate the FireEye portfolio of network, email, endpoint and cloud security solutions, and its management and orchestration platform, from Mandiant’s control-agnostic software and services.

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Mid-Day Market Update: Gold Down 2%; Community Bankers Trust Shares Spike Higher

Mid-Day Market Update: Gold Down 2%; Community Bankers Trust Shares Spike Higher
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FireEye to sell its products business to STG-led group for $1 2bn

Symphony technology groupFireeye incAeye incSymphony technologyசிம்பொனி தொழில்நுட்பம் குழுபிரீயே இன்க்கண் இன்க்சிம்பொனி தொழில்நுட்பம்

FireEye sells product business and its own name to private equity firm for $1 2bn

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.

Kevin mandiaWilliam chisholmFireeye mandiantSymphony technology groupMandiant solutionsMandiant advantageS cybersecurity vendorM amp aகெவின் மண்டியாவில்லியம் சிஷோல்ம்சிம்பொனி தொழில்நுட்பம் குழு