McAfee Enterprise and FireEye announced Symphony Technology Group (“STG”) has closed its sponsored acquisition of FireEye in an all-cash transaction totaling $1.2 billion. This transaction completes the combination of McAfee Enterprise with FireEye.
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McAfee Enterprise and FireEye immediately begin their journey to deliver market-leading cybersecurity solutions to protect global customers. McAfee Enterprise and FireEye have a proven and trusted heritage for delivering best-in-class technologies and expertise. Bringing the two companies together creates a cybersecurity market leader with more than 40,000 customers, 5,000 employees, and nearly $2 billion in revenue.
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“The highly-skilled McAfee Enterprise and FireEye teams join forces to help our customers combat attackers, while developing an integrated security platform powered by artificial intelligence and automation,” said Bryan Palma, Chief Executive Officer of the combined company. “We will be industry pacesetters – bringing innovation and expertise to shape the future of cybersecurity.”
McAfee Enterprise and FireEye’s portfolio will redefine the cybersecurity industry. The combined business delivers an integrated security platform designed to protect customers across endpoints, infrastructure, applications, and in the cloud. The new company will build upon McAfee Enterprise and FireEye’s strong customer relationships while creating new benefits at scale for channel partners and resellers.
“Aligning McAfee Enterprise’s device-to-cloud cybersecurity solutions with FireEye’s robust portfolio of products presents an extraordinary opportunity for helping keep customers everywhere safe and secure,” said William Chisholm, STG Co-Founder and Managing Partner.
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