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FireEye sells for $ 1.2 billion

FireEye sells for $ 1.2 billion

The security company FireEye is to be sold to a holding company. Most recently, she had the SolarWinds uncovered hack. Security firm FireEye has approved a sale for $ 1.2 billion. The buyer is a consortium led by the holding company Symphony Technology Group. The deal is expected to be completed by the fourth quarter of this year, FireEye said.

The takeover is intended to separate the business areas. The digital forensics and incident response business, which was acquired around ten years ago with the Mandiant company, is to be continued as a separate company. The network and e-mail security product division is to remain with Fireeye.

The deal should free the “high-growth” Mandiant business and allow him to stand as a separate company for incident response and security testing, said FireEye CEO, Kevin Mandia. Last year Fireeye uncovered the solar windshack that affected it itself. Most recently, it helped pipeline operator Colonial recover from a ransomware attack.

Affiliates buy security firms

In recent years, security companies have increasingly been bought up by holding companies. In March, the IT security company McAfee announced that it would sell its business customer division to the Symphony Technology Group and other companies for around four billion US dollars.

At the beginning of 2020, the US subsidiary Thoma Bravo, which also holds a minority stake in McAfee, took over the British security company Sophos. The holding company paid $ 3.9 billion for the security company.

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About the author

Richard Beard

Richard Beard

Richard is a full-time journalist at Perseus Promos, dealing with technology and business news. He regularly contributes to Time, Men's Health and VICE Media. His work has also been featured in Shape, Sports Illustrated, Food & Wine and many other stores. Domenico has received journalism awards from the Association of Professional Journalists and the State of Maryland.

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