FireEye Agrees to Sell Cyber Product Business for $1.2 Billion

FireEye Inc. will sell its FireEye product business for $1.2 billion to a consortium led by Symphony Technology Group, the company said Wednesday.

The deal will separate FireEye’s network, email, endpoint and cloud security products from its cyber-research and incident response arm, Mandiant. Rights to the FireEye name will also be part of the sale, according to a company statement.

“We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” said FireEye Chief Executive Officer Kevin Mandia. The remaining business will be able to “concentrate exclusively on scaling ...