McAfee Enterprise and the newly acquired FireEye Products have been merged into a single entity with $2 billion in annual revenue, according to Symphony Technology Group (STG).
The combined entity, which will continue to provide security products for endpoints, infrastructure, applications, and cloud deployments, will be led by FireEye’s Bryan Palma of Menlo Park, Calif.-based STG.
The latest 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 split its solutions unit from the endpoint protection and cloud security product side of the house, STG purchased 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 create a pure play cybersecurity vendor with over 40,000 customers, 5,000 employees, and approximately $2 billion in annual revenue.