Cybersecurity giants McAfee and FireEye have completed their merger, creating a cybersecurity company with more than 40,000 customers, 5,000 employees and nearly $2 billion in revenue, according to the companies.
The merger is complete with the technology consortium Symphony Technology Group (STG) closing its sponsored acquisition of FireEye in an all-cash transaction worth $1.2 billion.
“Aligning McAfee Enterprise’s device-to-cloud cybersecurity solutions with FireEye’s robust portfolio of products presents an extraordinary opportunity for helping keep customers everywhere safe and secure,” said William Chisholm, STG Co-Founder and Managing Partner.
FireEye in July announced the deal to sell its FireEye Products business to STG, separating the company’s network, email, endpoint and cloud security products, along with related security management and orchestration platform from Mandiant’s controls-agnostic software and services.
Before that, in March, McAfee announced its plan to sell its enterprise security business to STG for $4 billion.
Now that STG owns both, the companies will combine their solutions to create an integrated security platform designed to protect customers across endpoints, infrastructure, applications and in the cloud, according to a press release from the combined company.
Bryan Palma, FireEye’s former executive vice president of products and now the combined company’s CEO, said the organization can help shape the future of the industry.
“The highly-skilled McAfee Enterprise and FireEye teams join forces to help our customers combat attackers, while developing an integrated security platform powered by artificial intelligence and automation,” Palma said. “We will be industry pacesetters – bringing innovation and expertise to shape the future of cybersecurity.”
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