McAfee shareholders will receive $26 in cash for each share of common stock they own. Announcing Sale of Enterprise Business and ... - ir.mcafee.com Industry watchers say the move could trigger a round of consolidation in the security segment and disrupt the status quo for vendors and customers alike. This transaction completes the combination of McAfee Enterprise with FireEye. McAfee, the founder, left McAfee, the company, in 1994, and the company was acquired by Intel in . Ian Halifax, who has served as Riverbed Technology's chief financial officer since December 2019, will become CFO of the combined company. McAfee Enterprise and FireEye Products will merge into a single entity with nearly $2 billion in revenue following the close of Symphony Technology Group's acquisition of FireEye's product . SAN JOSE, Calif.-July 27, 2021- Symphony Technology Group (STG) today announced that a consortium led by it has completed the acquisition of McAfee's Enterprise business. SAN JOSE, Calif., JULY 27, 2021 — Symphony Technology Group (STG) today announced that a consortium led by it has completed the acquisition of McAfee's Enterprise business. McAfee to Be Acquired by an Investor Group for over $14 Billion McAfee shareholders to receive $26.00 per share in cash The transaction is valued at over $14 billion The purchase price represents a. March 11, 2021 Cybersecurity firm McAfee Corp. has entered into a definitive agreement to sell its enterprise business unit to a software firm Symphony Technology Group (STG) in an all-cash deal of $4 billion. As a recognized leader in cybersecurity for more than 30 years, McAfee Enterprise will now singularly focus on keeping governments and enterprises safe and secure. . McAfee sells off enterprise business for $4 billion CRN notes that "The combined company will be led by former Blackberry President and Cisco . In October, the private equity firm said McAfee Enterprise and FireEye Products would merge into a single . Advent International Tech Private Equity Fund Symphony Technology Group (STG) today announced that a consortium led by it has completed the acquisition of McAfee's Enterprise business. SAN JOSE, Calif.-(BUSINESS WIRE)-Symphony Technology Group today announced that a consortium led by it has completed the acquisition of McAfee's Enterprise business.As a recognized leader in cybersecurity for more than 30 years, McAfee Enterprise will now singularly focus on keeping governments and enterprises safe and secure. McAfee Enterprise hiring Professional Services Solution ... The transaction, finalised at $4 billion, is expected to be completed by the end of this year. McAfee sold its enterprise business to a consortium led by Symphony Technology Group for $4 billion in March 2021. The deal comes following the recent closure of Symu001fphony Technology's acquisition of FireEye. McAfee, which went public in October, said . Intel has completed the acquisition of security software company McAfee via TPG, a joint-venture partnership from Intel and TPG after the company was purchased by Intel in 2010. "McAfee's Enterprise business has been integral to . The new company is expected to come into effect on October 4 this year, when FireEye will change its corporate name and relaunch as . McAfee Enterprise and FireEye Products to merge. FireEye ... McAfee-Enterprise business McAfee-Enterprise business provides network and cybersecurity services and products. This position is an integral part of the McAfee Enterprise business segment which was acquired by Symphony Technology Group (STG) in July 2021. As a recognized leader in cybersecurity for more than 30 years, McAfee Enterprise will now singularly focus on keeping governments and enterprises safe and secure. Add: Acquisition and integration costs(2) 30 23 8 5 2 Add: Restructuring and transition(3) 36 22 25 8 . 5,337 followers. McAfee Enterprise and FireEye Products are set to merge into a single company that will have a revenue of almost $2bn. McAfee, the founder, left McAfee, the company, in 1994, and the company was acquired by Intel in 2010 for $7.68 billion. Intel has completed its US$7.68 billion acquisition of security vendor McAfee, the chip maker announced on Monday . Ropes & Gray LLP and Paul Hastings LLP advised on the deal. McAfee Corp. (/ m ə ˈ k æ f iː /; formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017) is an American global computer security software company headquartered in San Jose, CA. McAfee Enterprise Products MVISION Platform Log In60-Day Trial Endpoint Complete Endpoint Protection Endpoint Detection & Response Mobile Security Data Loss Prevention Cloud Cloud Security Unified Cloud Edge - SASE This position is dedicated to and part of the McAfee Enterprise business.Company Overview: Private equity firm Symphony Technology Group (STG) has completed the acquisition of McAfee's enterprise security software business. SAN JOSE, Calif. & PALO ALTO, Calif. -- (BUSINESS WIRE)--Mar. The move follows the $1.2 billion acquisition of FireEye in October 2021 and the $4 billion purchase of McAfee . The company was purchased by Intel in February 2011, and became part of the Intel Security division. Security firm McAfee announced this morning that it will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion. It should pair . Device-to-cloud cybersecurity company McAfee is all set to sell its enterprise business to a consortium led by Symphony Technology Group in an all-cash deal. As a recognized leader in cybersecurity for more than 30 . Private equity firm Symphony Technology Group (STG) had completed the merger of cybersecurity solutions providers McAfee Enterprise and FireEye in October last year. 8 March 2021. The sale to Symphony Technology Group (STG) will see threat intel and incident response business Mandiant return to the market as a standalone operation in Q4 this year, FireEye said in a statement. In 2010, Intel purchased McAfee for $7.7 billion and renamed the company Intel Security Group. but became an independent entity again last year after the FireEye product business was sold to McAfee Enterprise. Why Is It Such A Big Deal? October 1, 2021. Iris Dorbian. McAfee Enterprise and FireEye merge to form Trellix. The acquisition deal, which is subject to customary regulatory approvals, is expected to close by the end of 2021. Symphony Technology Group (STG) today announced that a consortium led by it has completed the acquisition of McAfee's (News - Alert) Enterprise business.As a recognized leader in cybersecurity for more than 30 years, McAfee Enterprise will now singularly focus on keeping governments and enterprises safe and secure. The deal however is also facing scrutiny by . Symphony Technology Group, a Menlo Park-based private equity firm focused on investing in the software, data, and analytics sectors, noted that upon the closing of STG's acquisition of FireEye Products, McAfee Enterprise and FireEye Products will be combined and FireEye's Bryan Palma will become the . As a privately held company, McAfee will continue building on its success and proven track record of growth as a pure-play consumer cybersecurity leader following the sale of McAfee's Enterprise business, and the associated one-time dividend of $4.50 per share, to private equity firm Symphony Technology Group for $4.0 billion, which closed on . STG then announced in October after the close of the FireEye acquisition, it would combine the vendor with McAfee Enterprise. -. With McAfee, the investment group gets a consumer security company that has existed in various forms since 1987. Acquiring Organization: Symphony Technology Group Symphony Technology Group (STG) is a strategic private equity firm that invests in and builds software and services companies. The security software firm McAfee announced on Monday that it is going private once an acquisition deal with a group led by equity firm Advent International is finalized. McAfee Enterprise and its team members remain committed to keeping governments and enterprises safe. The two companies have entered acquisition talks, . McAfee Enterprise and FireEye, the two leading cyber-security firms, will now be called Trellix post-merger, their parent company said on Wednesday. A final acquisition price tag of over $14 billion is expected, once the deal passes regulatory hurdles. In 2014, Intel announced it was phasing out the McAfee brand name for the. 27, 2021-- mcafee corp. (nasdaq: mcfe), a global leader in online protection, announced today the completion of the previously announced transaction to sell certain assets and the assumption of certain liabilities of mcafee's enterprise business to a consortium led by symphony technology group (stg) in an … The new company will have nearly $2 billion in annual revenue. McAfee sold its enterprise security business to a consortium led by Symphony Technology Group in a deal worth $4 billion in March. It's largest disclosed sale occurred in 2021, when it sold McAfee - Enterprise Business to STG Partners for $4.0B. McAfee Announces Sale of Enterprise Business to Symphony Technology Group for $4.0 Billion McAfee will become a pure play consumer cybersecurity company McAfee expects to issue a $4.50 special. Summary. . The $4.0 billion deal was first announced in March 2021. McAfee Corp. (Exact name of Registrant as specified in its charter) Delaware : 001-39651 : 84-2467341 . McAfee Bolsters Cloud Capabilities with Skyhigh Networks Acquisition. Intel will now run McAfee as a subsidiary, out of its Software and Services Group. As part of the McAfee deal, ScanAlert may see its overall acquisition price jump by another $24 million, should it hit certain performance targets. Report this post. The company has 8,000 customers, who represent . Yesterday, McAfee announced a definitive agreement to acquire Skyhigh Networks. Cyber security giant McAfee has announced it has agreed to sell its enterprise business to a consortium led by Symphony Technology Group (STG) for $4 billion (£2.8 billion). Private equity firm Symphony Technology Group (STG) had completed the merger of cybersecurity solutions providers McAfee Enterprise and FireEye in October last year. The McAfee enterprise business will be rebranded to a new name in "the coming months," though exact timing was not disclosed. McAfee shareholders to receive $26.00 per share in cash. McAfee Corp. (Nasdaq: MCFE), the device-to-cloud cybersecurity company, entered into a definitive agreement to sell its Enterprise business to a consortium led by Symphony Technology Group (STG) in an all . McAfee, one of the longest-standing names in the cyber security sector, is to sell its enterprise business to private equity house Symphony Technology Group (STG) in . On January 14, 2016, we announced the successful acquisition of Stonesoft (McAfee Next Generation Firewall) and Sidewinder (McAfee Firewall Enterprise) from Intel Security. In October, private equity firm Symphony Technology Group closed its acquisition of FireEye and combined the well-known cyber vendor with another big name in the industry, McAfee Enterprise, which . McAfee Enterprise and FireEye have merged to form a new company called Trellix. On November . McAfee Corp has agreed to sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion. CRN reports. Investor group acquires McAfee for more than $14 billion. san jose, calif. -- (business wire)--jul. The McAfee enterprise business will be rebranded to a new name in "the coming months," though exact timing was not disclosed. McAfee's largest acquisition to date was in 2013, when it acquired Stonesoft Oyj for $389M. Identify and Protect Sensitive Information. 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