In March 2021, Symphony Technology Group (STG) announced that it is purchasing security firm McAfee Enterprise for $4 billion. And in June last year, the investment firm declared it will merge the company with FireEye acquired for $1.2 billion, leading to a bigger company in assets, customer count and market value.
Now, in January 2022, STG made it official that the acquisition and merger of the two companies was concluded at the end of last year and both will now be termed as a single entity holding the name Trellix.
Trellix that is expected to become operational from early next month is supposed to focus on threat detection and response supported by machine learning and automation technology. It will have a customer base of 40,000 and will run with a 5k employee count, generating $2 billion revenue every year.
NOTE – STG is an American Private Equity firm based in California that has invested in many technology firms such as MSC Software, IBS, Evidera, Symphony Talent, Erecruit, RSA Security and Winshuttle so far. Some unconfirmed sources report STG is planning to keep Cloud Access Security Brokerage, Secure Web Gateway services and Zero Trust Network Access service separately in the portfolio and will not bundle it with Trellix as expected by trade analysts.
