The New Old Vanguard
Private equity firm Symphony Technology Group (STG) announced Thursday that it will be combining McAfee Enterprise and FireEye Products into a nearly $2 billion cybersecurity behemoth with more than 40,000 customers and 5,000 employees. STG closed its $4 billion acquisition of McAfee Enterprise in late July and is expected to close its $1.2 billion buy of FireEye Products in the fourth quarter of 2021.
“Cyber risk is the number-one threat facing modern organizations and we are excited to advance our growing portfolio of cybersecurity companies,” STG Co-Founder and Managing Partner William Chisholm said in a statement. STG anticipates bringing together McAfee Enterprise and FireEye Products next quarter to offer customers protection across endpoints, infrastructure, applications and in the cloud.
From who will lead the combined company going forward to how the FireEye and McAfee Enterprise product portfolios fit together to why both businesses have struggled to grow in recent years, here are the 10 biggest things to know about the impending FireEye-McAfee Enterprise megamerger.