Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

M&A Tracker

XDR Firm Trellix Launches Following Merger of McAfee Enterprise and FireEye

Private equity giant Symphony Technology Group (STG) on Wednesday announced the launch of Trellix, an extended detection and response (XDR) solutions provider created following the merger of McAfee Enterprise and FireEye.

Private equity giant Symphony Technology Group (STG) on Wednesday announced the launch of Trellix, an extended detection and response (XDR) solutions provider created following the merger of McAfee Enterprise and FireEye.

McAfee’s enterprise business was sold to a consortium led by STG in a $4 billion deal announced in March 2021. A few months later, STG announced the acquisition of FireEye Products — after it split from Mandiant — for $1.2 billion.

TrellixIn October, the private equity firm said McAfee Enterprise and FireEye Products would merge into a single entity with more than 40,000 customers, 5,000 employees, and nearly $2 billion in annual revenue.

STG has now announced that the result of the merger is a new business named Trellix, which specializes in XDR solutions designed to “accelerate the effectiveness of security operations.”

“The new name evokes the structure of a trellis, a strong and safe framework used to support structured growth of climbing plants and trees,” the company said in a press release. “Trellix will deliver its brand promise to build resilient and confident organizations through living security—security technology that learns and adapts to protect operations from the most advanced threat actors.”

The Trellix platform includes endpoint, cloud, collaboration, data and user, application, and infrastructure security capabilities.

STG also said it plans to launch — later this quarter — the McAfee Enterprise Secure Service Edge (SSE) portfolio as a separate business, which will include cloud access security broker (CASB), secure web gateway (SWG) and zero trust network access (ZTNA).

Related: Industrial Cybersecurity Firm Applied Risk Acquired by DNV

Related: FireEye Builds Security Powerhouse With $1B Mandiant Deal

Related: Dell to Sell RSA Security Unit for $2 Billion

Related: Cybersecurity M&A Roundup: 43 Deals Announced in September 2021

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

M&A Tracker

The SecurityWeek editorial team huddled over the holidays to look back at the stories that shaped 2022 and, more importantly, to stare into a...

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...