Symphony Technology Group (STG), a private equity firm, announced this week the merger of McAfee Enterprise and the recently acquired FireEye Products into a single organization with annual revenue of $2 billion.
The combined business, which will continue to provide security products for endpoints, infrastructure, applications, and cloud deployments, will be led by Bryan Palma of Menlo Park, Calif.-based STG.
The newest chapter in McAfee’s rocky corporate saga is the STG announcement. McAfee Corp sold the McAfee Enterprise business to a consortium led by STG in an all-cash transaction estimated at $4 billion in March of this year.
After Mandiant opted to separate its solutions unit from the endpoint protection and cloud security product side of the house, STG bought FireEye Products for $1.2 billion in June of this year.
RSA Security is another high-profile portfolio company for Symphony Technology Group.
The merging of McAfee Enterprise and FireEye Products, according to STG, will immediately establish a pure play cybersecurity vendor with over 40,000 clients, 5,000 staff and approximately $2 billion in annual revenue.