FireEye Announces Sale of FireEye Products

FireEye, one of the most important security companies announced that they had an agreement to sell FireEye products including FireEye name to Symphony Technology Group (STG) in an all-cash transaction for $1.2 billion.

A few months ago, FireEye repositioned some products in Mandiant name. ISight Threat Intelligence and Verodin was positioned in Mandiant name and thus, the reason for this change was revealed. “We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” said FireEye Chief Executive Officer Kevin Mandia.

FireEye announced this in their investors page, you can see the details here.

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