By Stephen Nakrosis
FireEye Inc. agreed to promote its FireEye Merchandise Enterprise to Symphony Expertise Group for $1.2 billion.
“We imagine this separation will unlock our high-growth Mandiant Options enterprise and permit each organizations to higher serve clients,” mentioned Kevin Mandia, chief govt. “After closing, we will focus completely on scaling our intelligence and frontline experience by means of the Mandiant Benefit platform, whereas the FireEye Merchandise enterprise will be capable to prioritize funding on its cloud-first safety product portfolio,” he added.
The all-cash transaction is anticipated to shut by the top of the fourth quarter, the corporate mentioned.
Following the shut of the deal, the businesses will enter agreements, together with a reseller and market cooperation settlement, a strategic collaboration settlement and a transition companies settlement, FireEye mentioned.
“Clients and companions can count on to obtain the total profit of those agreements as the businesses share expertise, telemetry, menace intelligence, and experience,” FireEye mentioned.
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