FireEye to sell its products biz to Symphony Technology Grou

FireEye to sell its products biz to Symphony Technology Group for USD 1.2bn


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FireEye, Inc on Thursday said it will sell its FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for USD 1.2 billion.
New Delhi:
 The transaction will separate 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, a statement said. 
This will enable both organisations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions, it added. 
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, it said. 

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