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Trellix
Trellix (formerly FireEye and McAfee Enterprise) is a privately held cybersecurity company that was founded in 2022. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and analyze IT security risks.
In June 2021, FireEye sold its name and products business to STG for $1.2bn. Symphony Technology Group (STG) acquired McAfee Enterprise in an all-cash transaction for US$4.0 billion in July 2021. STG combined FireEye with McAfee's enterprise business to launch Trellix, an extended detection and response (XDR) company. McAfee Enterprise's security service edge (SSE) business operated as a separate company known as Skyhigh Security.
FireEye was founded in 2004 by Ashar Aziz, a former Sun Microsystems engineer. FireEye's first commercial product was developed and sold in 2010. Initially, FireEye focused on developing virtual machines to download and test internet traffic before transferring it to a corporate or government network.
In December 2012, founder Aziz stepped down as CEO and former McAfee CEO, David DeWalt, was appointed to the position to prepare the company for an initial public offering (IPO). The following year, FireEye raised an additional $50 million in venture capital, bringing its total funding to $85M. In late 2013, FireEye went public, raising $300M. FireEye remained public until 2021.
In December 2013, FireEye acquired Mandiant, an incident response services company, for US$1.0 billion. Mandiant became a subsidiary of FireEye. After the Mandiant acquisition, FireEye was called in to investigate high-profile attacks against Target, JP Morgan Chase, Sony Pictures, Anthem, and others.
In 2010, FireEye expanded into the Middle East and the Asian Pacific. The company entered Europe in 2011 and Africa in 2013. Despite the expansions, FireEye was not profitable, due to high operating costs such as research and development expenses.
In late 2014, FireEye initiated a secondary offering, selling another $1.1billion in shares, to fund the development of a wider range of products. Shortly afterward, FireEye acquired high-speed packet capture company, nPulse, for approximately $60M. By 2015, FireEye made over $100M in annual revenue, but was still unprofitable.
In January 2016, FireEye acquired iSIGHT Partners for $275M. iSIGHT was a threat intelligence company that gathered information about hacker groups and other cybersecurity risks. This was followed by the acquisition of Invotas, an IT security automation company. DeWalt stepped down as CEO in 2016 and was replaced by Mandiant CEO and former FireEye President Kevin Mandia. Due to lower-than-expected sales, the company downsized, resulting in a layoff of 300–400 employees. Profit and revenue increased on account of shifts to a subscription model and lower costs.
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Trellix
Trellix (formerly FireEye and McAfee Enterprise) is a privately held cybersecurity company that was founded in 2022. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and analyze IT security risks.
In June 2021, FireEye sold its name and products business to STG for $1.2bn. Symphony Technology Group (STG) acquired McAfee Enterprise in an all-cash transaction for US$4.0 billion in July 2021. STG combined FireEye with McAfee's enterprise business to launch Trellix, an extended detection and response (XDR) company. McAfee Enterprise's security service edge (SSE) business operated as a separate company known as Skyhigh Security.
FireEye was founded in 2004 by Ashar Aziz, a former Sun Microsystems engineer. FireEye's first commercial product was developed and sold in 2010. Initially, FireEye focused on developing virtual machines to download and test internet traffic before transferring it to a corporate or government network.
In December 2012, founder Aziz stepped down as CEO and former McAfee CEO, David DeWalt, was appointed to the position to prepare the company for an initial public offering (IPO). The following year, FireEye raised an additional $50 million in venture capital, bringing its total funding to $85M. In late 2013, FireEye went public, raising $300M. FireEye remained public until 2021.
In December 2013, FireEye acquired Mandiant, an incident response services company, for US$1.0 billion. Mandiant became a subsidiary of FireEye. After the Mandiant acquisition, FireEye was called in to investigate high-profile attacks against Target, JP Morgan Chase, Sony Pictures, Anthem, and others.
In 2010, FireEye expanded into the Middle East and the Asian Pacific. The company entered Europe in 2011 and Africa in 2013. Despite the expansions, FireEye was not profitable, due to high operating costs such as research and development expenses.
In late 2014, FireEye initiated a secondary offering, selling another $1.1billion in shares, to fund the development of a wider range of products. Shortly afterward, FireEye acquired high-speed packet capture company, nPulse, for approximately $60M. By 2015, FireEye made over $100M in annual revenue, but was still unprofitable.
In January 2016, FireEye acquired iSIGHT Partners for $275M. iSIGHT was a threat intelligence company that gathered information about hacker groups and other cybersecurity risks. This was followed by the acquisition of Invotas, an IT security automation company. DeWalt stepped down as CEO in 2016 and was replaced by Mandiant CEO and former FireEye President Kevin Mandia. Due to lower-than-expected sales, the company downsized, resulting in a layoff of 300–400 employees. Profit and revenue increased on account of shifts to a subscription model and lower costs.