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Cyber Security

FireEye products business sold for $1.2 billion

FireEye has entered into a definitive agreement to sell the FireEye products business to a consortium led by Symphony Technology Group in an all-cash transaction for $1.2 billion, before taxes and transaction-related expenses. The transaction is expected to close by the end of the fourth quarter of 2021, subject to customary regulatory approvals and closing conditions. The separation will allow both organizations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions. Mandiant Solutions is the market leader in threat intelligence and cybersecurity expertise.

Source: https://www.helpnetsecurity.com/2021/06/03/fireeye-products-business-sold-for-1-2-billion/

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