Goodbye, Enterprise Customers — McAfee Moves On
McAfee is selling its enterprise cybersecurity business to a consortium led by Symphony Technology Group. The price tag? A cool $4 billion. STG is a private equity firm based in Silicon Valley. Last year, it snapped up RSA. (That deal amounted to just more than $2 billion.) At first glance, the fit looks smart for STG. Pairing the capabilities of RSA and McAfee – or at least just having the companies in its security portfolio – could pay off big. That’s especially considering the growing number of cyberthreats confronting enterprises.
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