The 10 Biggest Cybersecurity Acquisitions Of 2021 (So Far)
Private equity goliaths, SPACs, and pure-play security mainstays spent nearly $31 billion on the year‘s top cybersecurity acquisitions, placing big bets on securing networks and endpoints as well as managing employee and customer access.
T-6. Symphony Technology Group To Acquire FireEye’s Products Business
Purchase Price: $1.2 Billion (Press Release)
FireEye agreed in June sell its fledgling products business to Symphony Technology Group (STG), undoing the 2014 acquisition that brought FireEye’s products and Mandiant’s services together. In addition to purchasing the company’s network, email, endpoint and cloud security portfolio, private equity firm STG also bought the FireEye name.
In addition to the company’s point products, STG will also acquire Milpitas, Calif.-based FireEye’s security management and orchestration platform. The company said its high-growth threat intelligence and incident response services divisions will continue to operate as a publicly traded business under the Mandiant Solutions banner.
After the deal closes, FireEye and Mandiant will continue to share technology, telemetry, threat intelligence, and expertise through a reseller and market cooperation agreement, a transition services agreement, and a strategic collaboration agreement. FireEye’s products business will also benefit from better channel relationships with MSSP providers based on alliances with complementary vendors.