Private equity giant Symphony Technology Group (STG) this week announced the merger of McAfee Enterprise and the newly acquired FireEye Products into a single entity with $2 billion in annual revenue.
The Menlo Park, Calif.-based STG has tapped FireEye’s Bryan Palma to head up the combined entity, which will continue to sell security products for endpoints, infrastructure, applications, and cloud deployments.
The STG announcement is the latest chapter in McAfee’s bumpy corporate saga. In March this year, McAfee Corp sold off the McAfee Enterprise business to a consortium led by STG in an all-cash transaction valued at $4 billion.
FireEye Products was purchased by STG in June this year for $1.2 billion after Mandiant decided to split off its solutions unit from the endpoint protection and cloud security product side of the house.
Symphony Technology Group also counts RSA Security among its high-profile portfolio companies.
In a brief statement, STG said the combination of McAfee Enterprise and FireEye Products will immediately create a pure play cybersecurity vendor more than 40,000 customers, 5,000 employees, and nearly $2 billion in annual revenue.
Related: McAfee Sheds Enterprise Business in $4 Billion Deal
Related: FireEye, Mandiant Split Apart in $1.2B Private Equity Deal
More from SecurityWeek News
- Threat Hunting Summit Virtual Event NOW LIVE
- Video: ESG – CISO’s Guide to an Emerging Risk Cornerstone
- Threat Modeling Firm IriusRisk Raises $29 Million
- SentinelOne Announces $100 Million Venture Fund
- Today: 2022 CISO Forum Virtual Event
- Cymulate Closes $70M Series D Funding Round
- SecurityWeek to Host CISO Forum Virtually September 13-14, 2022: Registration is Open
- Privilege Escalation Flaw Haunts VMware Tools
Latest News
- Big China Spy Balloon Moving East Over US, Pentagon Says
- Former Ubiquiti Employee Who Posed as Hacker Pleads Guilty
- Cyber Insights 2023: Venture Capital
- Atlassian Warns of Critical Jira Service Management Vulnerability
- High-Severity Privilege Escalation Vulnerability Patched in VMware Workstation
- Exploitation of Oracle E-Business Suite Vulnerability Starts After PoC Publication
- China Says It’s Looking Into Report of Spy Balloon Over US
- GoAnywhere MFT Users Warned of Zero-Day Exploit
