Home Business FireEye is promoting its merchandise enterprise and identify for $1.2 billion

FireEye is promoting its merchandise enterprise and identify for $1.2 billion

The FireEye emblem is seen outdoors the corporate’s workplaces in Milpitas, California, December 29, 2014.

Beck Diefenbach | Reuters

FireEye mentioned Wednesday it is promoting its merchandise enterprise, together with the FireEye identify, to a consortium led by private-equity agency Symphony Expertise Group for $1.2 billion in money.

The U.S. cybersecurity agency mentioned the sale will cut up Mandiant Options, its cyber forensics unit, from its cloud safety, community and e mail merchandise.

Shares of FireEye had been comparatively flat after hours. The corporate mentioned the deal is anticipated to shut by the top of the fourth quarter.

FireEye was the topic of a cyberattack in December of final yr, which it believes was state-sponsored. Microsoft in February credited the corporate’s transparency in regards to the breach in serving to it uncover that had additionally been attacked.

FireEye CEO Kevin Mandia mentioned the sale will assist it develop its Mandiant Options enterprise.

“After closing, we will focus completely on scaling our intelligence and frontline experience by means of the Mandiant Benefit platform, whereas the FireEye Merchandise enterprise will be capable of prioritize funding on its cloud-first safety product portfolio,” continued Mandia.

The sale is simply the most recent instance of a big-dollar tech deal going to personal fairness.

Apart from particular goal acquisition firms, seven of the 12 largest tech acquisitions within the U.S. in 2021 have been carried out by personal fairness corporations, based on information from FactSet.

In Wednesday’s announcement, FireEye additionally mentioned that its board had authorized a share buyback program of as much as $500 million.

Most Popular

Dive Into These Basic Summer season Seaside Learn Books – E! On-line

We independently chosen these merchandise as a result of we love them, and we hope you do too. Store with E! has affiliate relationships,...

May You Inoculate Your self In opposition to the Contagion of Concern?

Governments are utilizing concern to manage and manipulate their residents. That has now been admitted by members of the Scientific Pandemic Influenza Group on...

Switzerland Finds Liberian Insurgent Chief Responsible of Wartime Atrocities

GENEVA — A former Liberian warlord was discovered responsible of struggle crimes together with homicide, cannibalism and using little one troopers in Switzerland’s felony...

The Supreme Courtroom’s Latest Justices Produce Some Surprising Outcomes

Justice Alito was aghast. “At present’s determination is the third installment in our epic Reasonably priced Care Act trilogy, and it follows the identical...

Recent Comments