The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said. SAN JOSE, Calif.--(BUSINESS WIRE)--Jul. The deal comes just months after McAfee went public and the news saw its share price jump three per cent. The sale to Symphony Technology Group (STG) will see threat intel and incident response business Mandiant return to the market as a standalone operation in Q4 this year, FireEye said in a statement. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. While McAfee is long in the tooth, it still has a growing consumer security business. Security vendor McAfee has sold its Enterprise business to a private equity consortium Symphony Technology Group (STG) for US$4 billion and the all-cash transaction is expected to close by the end of 2021, subject to customary regulatory approvals and closing conditions. The . McAfee Eyes More M&A Following Sale Of Enterprise Business The cybersecurity giant McAfee has announced that it has entered into a definitive agreement to sell off its enterprise business to the private equity firm Symphony Technology Group (STG) in an . Launched 30 years ago, McAfee's enterprise business today is a trusted partner for 86 per cent of the Fortune 100 firms around the world and reported $1 . The deal. McAfee, FireEye merger yields Trellix, a unified XDR ... Does John Mcafee Run Mcafee Antivirus? - Computer ... McAfee to sell enterprise business to STG for £2.8 billion ... McAfee to Sell Itself to a Private-Equity-Led Group - WSJ SAN JOSE, Calif. & PALO ALTO, Calif. -- (BUSINESS WIRE)--Mar. McAfee to sell enterprise cybersecurity business in $4B ... McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in . This is technology M&A deal number 161 that MSSP Alert and sister site ChannelE2E have covered so far in 2021. The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said. McAfee Corp (MCFE.O) said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly . San Francisco, March 9 : Anti-virus software company McAfee has sold its enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion. McAfee Corp. has signed an agreement to sell its enterprise cybersecurity business to a consortium led by private equity firm Symphony Technology Group, the company announced today.The deal is wor McAfee Corp. announced Monday that it is selling its enterprise business for $4 billion and will pivot its focus to consumer cybersecurity. McAfee announced Monday that it will sell its enterprise security business to a consortium led by Symphony Technology Group in a deal worth $4 billion. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in . Chandra Eluri) Advertisement 2. Mar 8, 2021 7:20AM EST (RTTNews) - McAfee Corp. (MCFE) said that it agreed to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for $4.0. The company was purchased by Intel in February 2011, and became part of the Intel Security division. [Related: McAfee Enterprise Business To Be Sold To STG For $4B] McAfee has made five acquisitions since the company was spun out from Intel in April 2017, but all the purchases except for . McAfee, one of the longest-standing names in the cyber security sector, is to sell its enterprise business to private equity house Symphony Technology Group (STG) in an all-cash deal valued at . Top 10 Security Information and Event Management (SIEM) Solutions in 2022. Security vendor McAfee has sold its Enterprise business to a private equity consortium Symphony Technology Group (STG) for US$4 billion and the all-cash transaction is expected to close by the end of 2021, subject to customary regulatory approvals and closing conditions. In the last few years, McAfee has strengthened its main cybersecurity software business that focuses on retail customers via price increases, new partner programs and good retention rates. McAfee Corp has agreed to sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion. cash. by Joe Panettieri • Mar 8, 2021. Security software giant McAfee has announced it has reached a deal to sell its enterprise business for an all cash fee of $4bn. (Reuters) - McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up . See all technology M&A deals for 2021 and 2020 listed here. Symphony Technology Group Closes Acquisition of McAfee's Enterprise Business SAN JOSE, Calif., JULY 27, 2021 — Symphony Technology Group (STG) today announced that a consortium led by it has completed the acquisition of McAfee's Enterprise business. The firm said it has entered a definitive agreement with a consortium led by Symphony Technology Group (STG), with the transaction expected to be completed by the end of 2021, subject to customary regulatory approvals and closing conditions. McAfee Corp. MCFE, +0.08% said Monday it has entered an agreement to sell its enterprise business to a consortium led by Symphony Technology Group in an all-cash deal valued at $4 billion. What Does the McAfee Deal Mean for Users? McAfee is selling its enterprise security software business to private equity firm Symphony Technology Group (STG) for $4.0 billion, the companies disclosed this morning. McAfee to see its enterprise business to the Private equity firm Symphony Technology Group (STG) for $4 billion in cash, with this McAfee will be only into the consumer business. As part of Intel's 2011 acquisition of McAfee, they paid $7 for it. "This transaction will allow McAfee to singularly focus on our consumer business and to accelerate our strategy to be a leader in personal security for . McAfee Corp. (Nasdaq: MCFE), the device-to-cloud cybersecurity company, today announced it has entered into a definitive agreement to sell its Enterprise business to a consortium led by Symphony . The San Jose-based company said it will sell the . McAfee Enterprise Business To Be Sold To STG For $4B Private equity firm Symphony Technology Group (STG) has agreed to buy McAfee's enterprise business for $4 billion, turning the legendary. McAfee shareholders to receive $26.00 per share in cash. McAfee will sell off its enterprise business to private equity firm Symphony Technology Group (STG) for $4bn in cash, the venerable security biz announced on Monday. . McAfee to Sell Enterprise Business to Equity Firm STG for $4B. as a privately held company, mcafee will continue building on its success and proven track record of growth as a pure-play consumer cybersecurity leader following the sale of mcafee's enterprise. The Security Vendor's President and CEO Peter Leav said the transaction allows McAfee to focus on its consumer business. The planned move is unlikely to do much for enterprise customers or for security vendor's consumer business, analysts say. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in . Private equity firm Symphony Technology Group (STG) is acquiring McAfee's enterprise security software business for $4.0 billion, ChannelE2E reported this morning.. Read the original article: McAfee to Sell Enterprise Business to Equity Firm STG for $4B. Its enterprise business recorded $1.3 billion in net revenue in fiscal year 2020, McAfee said. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm 's shares up nearly 3% in premarket trade. Security vendor McAfee has sold its Enterprise business to a private equity consortium Symphony Technology Group (STG) for US$4 billion. Advertisement . McAfee announced it has entered into a definitive agreement to sell its Enterprise business to a consortium led by Symphony Technology Group ( STG) in an all-cash transaction for $4.0 billion. McAfee Enterprise Business To Be Sold To STG For $4B March 9, 2021 1 Min Read Private equity firm Symphony Technology Group (STG) has agreed to buy McAfee's enterprise business for $4 billion, turning the legendary cybersecurity firm into a pure-play consumer business. McAfee, based in San Jose, Calif., announced on Monday it was selling its enterprise operations Symphony Technology Group (STG), a private equity firm that also owns security behemoth RSA Corp. McAfee Corp. said that it agreed to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for $4.0 billion.McAfee will become a pure play consumer cybersecurity company. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in . Company officials says the McAfee and Fire Eye will be . McAfee today said it will sell its enterprise security business to Symphony Technology Group (STG) in an all-cash deal for $4 billion.. About a year ago, STG bought security vendor RSA from Dell . Launched 30 years ago, McAfee's enterprise business today is a trusted partner for 86 per cent of the Fortune 100 firms around the world and reported $1.3 billion in net revenue in fiscal year 2020. McAfee's Enterprise business was sold to private equity firm Symphony Technology Group in March of this year for $4 billion. By Rob Wright, News Director Published: 08 Mar 2021 At the time, industry analysts weren't surprised but didn't think the deal would do much for McAfee's . McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in . a consortium led by Symphony Technology Group for $4 billion in. McAfee Corp. (/ m ə ˈ k æ f iː /; formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017) is an American global computer security software company headquartered in San Jose, CA. Published: Mar 08 at 12:18 p.m. A A (Reuters) - McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. The transaction is . Since its split from Intel in early 2017, McAfee has pivoted to . The deal is expected to close by the end of 2021. March 2021. This advertisement has not loaded yet, but your article continues below. McAfee expects to issue an estimated $4.50 special dividend per Class A common share upon closing of the transaction. This is technology M&A deal number 161 that ChannelE2E has covered so far in 2021. Member: Thomas Mcafee (President, inactive), 5333 Sw 75Th Street, Gainesville, FL 32608 (Physical) Agent: Mcafee, Thomas 5333 Sw 75 Th Street, Gainesville, FL 32608 (Physical) EIN: 02-0582848 Its enterprise business recorded $1.3 billion in net revenue in fiscal year 2020, McAfee said. McAfee to Sell Itself to a Private-Equity-Led Group Purchase price totals about $12 billion, excluding debt Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and . From less than $4 billion in 2020, SIEM solutions will be worth $6.4 billion by 2027, according to Valuates Reports. The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee […] This indicates a steadily growing market with several compelling options for enterprise buyers. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. 8, 2021-- McAfee Corp. (Nasdaq: MCFE), the device-to-cloud cybersecurity company, today announced it has entered into a definitive agreement to sell its Enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4.0 billion. McAfee is changing owners again as part of a $4 billion all-cash transaction that includes the sale of its enterprise business unit. McAfee sells off enterprise business for $4 billion Less than six months after its IPO, McAfee has agreed to sell its enterprise business to private equity firm Symphony Technology Group and refocus on consumer cybersecurity. The deal is expected to close by the end of 2021. (RTTNews) - McAfee Corp. (MCFE) said that it agreed to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for $4.0 . In the short term, very little. Business type: Florida Profit Corporation. Share this article: (Reuters) - McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. McAfee to sell enterprise business for $4 billion. SAN FRANCISCO: Anti-virus software company McAfeehas sold its enterprise businessto a consortium led by SymphonyTechnology Group (STG) in an all-cash transaction for $4 billion. Mar. The security software giant said it has entered a definitive agreement with a US technology consortium led by private equity firm Symphony Technology Group (STG). McAfee sold its enterprise security business to a consortium led by Symphony Technology Group in a deal worth $4 billion in March. See all technology M&A deals for 2021 and 2020 listed here. McAfee Corp. MCFE, -0.33% said Monday it has entered an agreement to sell its enterprise business to a consortium led by Symphony Technology Group in an all-cash deal valued at $4 billion. Cyber security giant McAfee has announced it has agreed to sell its enterprise business to a consortium led by Symphony Technology Group (STG) for $4 billion (£2.8 billion).. The transaction is expected to close by end of 2021. 9. FireEye has been sold for $1.2bn to the same American private equity fund that bought McAfee's enterprise security business, severing it from infosec stablemate Mandiant.. Shortly after that in March 2021, McAfee agreed to sell off its enterprise security business for $4 billion to STG, a private equity firm. McAfee delivers industry-leading device-to-cloud security across multicloud and on-premises environments. In the last few years, McAfee has strengthened its . It should pair. The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said. Cybersecurity firm McAfee said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash. Industry pioneer McAfee's incessant attempts to reinvent itself as a cybersecurity vendor took new shape today when it announced plans to sell its enterprise business to a consortium led by. McAfee enterprise business recorded $1.3 billion in net revenue in fiscal year 2020 (REUTERS) McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. McAfee enterprise business recorded $1.3 billion in net revenue in fiscal year 2020 (REUTERS) McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. The transaction is expected to close by the end of 2021. McAfee has announced it has agreed to sell off its enterprise business for a cash sum of $4bn (€3.36bn). The transaction is expected to close by end of 2021. The all-cash transaction is expected to close by the end of . McAfee sold its enterprise business to an STG-led consortium for $4 billion its March 2021. Explore the McAfee product portfolio. (Reuters) - McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up. McAfee to sell enterprise business for $4 billion. The company sold its enterprise arm earlier this year to Symphony Technology Group for $4 billion. Less than six months after its IPO, McAfee CEO Peter Leav said the vendor . The Security Vendor's President and CEO Peter Leav said the transaction allows McAfee to focus on its consumer business. Kitco News. McAfee is changing owners again as part of a $4 billion all-cash transaction that includes the sale of its enterprise business unit. This company grew to $6.2 billion in 2016, was sold to TPG for $4 billion the following year. 27, 2021-- McAfee Corp. (Nasdaq: MCFE), a global leader in online protection, announced today the completion of the previously announced transaction to sell certain assets and the assumption of certain liabilities of McAfee's Enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4.0 billion. McAfee, based in San Jose, Calif., announced on Monday it was selling its enterprise operations Symphony Technology Group (STG), a private equity firm that also owns security behemoth RSA Corp. The sale to Symphony Technology Group (STG) will see threat intel and incident response business Mandiant return to the market as a standalone operation in Q4 this year, FireEye said in a statement. MILPITAS, Calif., Oct. 8, 2021 - Mandiant, Inc. (NASDAQ: MNDT), the leader in dynamic cyber defense and response, today announced the completion of the previously announced transaction to sell the FireEye Products business to McAfee Enterprise, which is backed by a consortium led by Symphony Technology Group (STG), in an all-cash transaction . The transaction is valued at over $14 billion The purchase price represents a premium of approximately 22.6% over McAfee's closing share . 8, 2021, 07:20 AM. McAfee to sell its enterprise business for $4 bln Back to video. Reuters Monday March 08, 2021 08:02. Reuters. Cyber security giant McAfee has announced it has agreed to sell its enterprise business to a consortium led by Symphony Technology Group (STG) for $4 billion (£2.8 billion). FireEye has been sold for $1.2bn to the same American private equity fund that bought McAfee's enterprise security business, severing it from infosec stablemate Mandiant.. Who Currently Owns Mcafee? McAfee Corp. MCFE, +0.08% said Monday it has entered an agreement to sell its enterprise business to a consortium led by Symphony Technology Group in an all-cash deal valued at $4 billion. When Thoma Bravo took the business with Intel taking minority stakes, the company's worth stood at $2 billion. (Reuters) - McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up. (Reporting by Akanksha Rana in Bengaluru; Editing by Krishna. SAN JOSE, Calif. & PALO ALTO, Calif.-- ( BUSINESS WIRE )--McAfee Corp. (Nasdaq: MCFE), the device-to-cloud cybersecurity company, today announced it has entered into a definitive agreement to sell. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in . McAfee, which went public in October, said. McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm's shares up nearly 3% in premarket trade. Security firm McAfee announced this morning that it will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion. The transaction is . 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