FireEye and Mandiant Break-up: Deal Details
Fast forward to present day, and here's how FireEye and Mandiant now plan to part ways:- The deal is expected to close before the end of 2021.
- STG will gain FireEye's network, email, endpoint, and cloud security products, along with the related security management and orchestration platform.
- Mandiant’s controls-agnostic software and services are not included in the deal.
- The FireEye and Mandiant businesses will continue to operate as a single entity until the deal closes.
- Post-deal, FireEye and Mandiant will maintain a reseller and market cooperation agreement, a strategic collaboration agreement, and a transition services agreement.
- The FireEye-Mandiant relationship, post deal, will ensure customers and partners continue to benefit from shared technology, telemetry, threat intelligence, and expertise.
STG Acquires FireEye: Executive Perspectives
In a prepared statement, FireEye CEO Kevin Mandia said:“We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers. After closing, we will be able to concentrate exclusively on scaling our intelligence and frontline expertise through the Mandiant Advantage platform, while the FireEye Products business will be able to prioritize investment on its cloud-first security product portfolio. STG’s focus on fueling innovative market leaders in software and cybersecurity makes them an ideal partner for FireEye Products. We look forward to our relationship and collaboration on threat intelligence and expertise.”
“We are extremely impressed by the FireEye Products business and the mission critical role it plays for its customers. We believe that there is enormous untapped opportunity for the business that we are excited to crystallize by leveraging our significant security software sector experience and our market leading carve-out expertise.”