CEO Bryan Palma said the deficit of cybersecurity talent means AI and machine learning will need to take on a bigger role in cybersecurity.
McAfee Enterprise and FireEye completed their merger on Friday, closing the $1.2 billion, all cash transaction that merges the two cybersecurity giants. FireEye announced the sale of its FireEye Products business to a consortium led by Symphony Technology Group (STG) in July, separating the company’s network, email, endpoint and cloud security products from Mandiant’s software and services. In March, McAfee sold its enterprise security business to STG in a deal worth $4 billion, paving the way for the two to be merged. The two companies now boast a combined customer base of 40,000, about 5,000 employees and almost $2 billion in revenue. “Aligning McAfee Enterprise’s device-to-cloud cybersecurity solutions with FireEye’s robust portfolio of products presents an extraordinary opportunity for helping keep customers everywhere safe and secure,” STG managing partner William Chisholm said. Bryan Palma, CEO of the new combined company, said the McAfee Enterprise and FireEye teams will be able to develop an integrated security platform powered by artificial intelligence and automation.
