Intelligent Tech Channels Issue 43 - Page 58

MARKET MOVEMENT
FireEye sells FireEye Products business to STG for US $ 1.2 billion

FireEye , has announced it has entered into a definitive agreement to sell the FireEye Products business , including the FireEye name , to a consortium led by Symphony Technology Group ( STG ) in an all-cash transaction for US $ 1.2 billion , before taxes and transaction-related expenses .

The transaction is expected to close by the end of the fourth quarter of 2021 , subject to customary regulatory approvals and closing conditions .
“ We believe this separation will unlock our high-growth Mandiant Solutions
This separation will unlock our highgrowth Mandiant Solutions business and allow both organisations to better serve customers . business and allow both organisations to better serve customers ,” said Kevin Mandia CEO , FireEye . “ 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 prioritise 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 .”
William Chisholm , Managing Partner , STG , said : “ 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
Kevin Mandia CEO , FireEye
business that we are excited to crystallise by leveraging our significant security software sector experience and our market leading carve-out expertise .”
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Cybereason acquires empow to enhance XDR offerings
Lior Div , Co-Founder and CEO , Cybereason

Cybereason , a provider of operationcentric attack protection solutions , has announced the acquisition of empow , a security analytics company based in Tel Aviv . The empow acquisition adds innovative predictive response technology , a library of out-of-the-box data integrations and toptier engineering and product talent .

“ The parallels between the evolution of the Cybereason solution over the last few years and the more recent development of the empow offerings are astounding ,” said Lior Div , Co-Founder and CEO , Cybereason . “ When we really dug into the empow capabilities , we saw how complementary our approaches are to solving the critical security issues that organisations are struggling with and we realised that bringing empow ’ s capabilities and team to Cybereason was both a sound business decision and a catalyst for further market disruption .”
When we really dug into the empow capabilities , we saw how complementary our approaches are to solving the critical security issues that organisations are struggling with .
“ Cybereason has been recognised as a leader in the EDR and EPP space for some time and its operation-centric approach to delivering deep contextual correlations offered by the ability to identify MalOps is defining the gold standard for XDR solutions ,” said Avi Chesla , Founder and CEO , empow .
“ There was a great deal of natural synergy in everything both companies were already doing and we are very enthusiastic about the acquisition because this is truly a case where the whole is greater than the sum of the parts .”
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