Back To The Future
Private equity firm Symphony Technology Group (STG) agreed Wednesday to buy FireEye’s product business for $1.2 billion, separating it from Mandiant’s solutions and services business. The FireEye name will move over to STG as part of its purchase of the $541 million product business, while the $400 million Mandiant business will continue as a publicly traded company with a new ticker symbol.
“The separation enables each organization to simplify its strategy and to pursue its most appropriate business model, individual markets, go-to-market plans, compensation plans and growth expectations,” FireEye CEO Kevin Mandia told investors Wednesday.
From who will lead FireEye and Mandiant going forward to how FireEye’s products fit into STG’s fast-growing cybersecurity portfolio and why the split is expected to reduce channel conflict, here are the 10 biggest things to know about the separation of FireEye’s product business from Mandiant’s solutions and services business.