FireEye to sell products business for $1.2 billion to Symphony-led investor group

finance.yahoo.com
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(Reuters) -U.S. cybersecurity firm FireEye Inc said on Wednesday it would sell its products business, including the FireEye name, to a consortium led by...
By Christopher Bing

private-equity firm Symphony Technology Group for $1.2 billion in cash.

The deal will separate FireEye's network, email and cloud security products from its cyber forensics unit, Mandiant Solutions.

The deal is expected to close by the end of the fourth quarter, the company said.

FireEye, one of the largest cybersecurity firms in the United States, also said its board had approved a share buyback program of up to $500 million.

The company originally acquired Mandiant, founded by Kevin Mandia, who became FireEye's chief executive, for…
Christopher Bing
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