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McAfee Sells Enterprise Security Business to Private Equity Firm STG

McAfee is selling its enterprise security software business to private equity firm Symphony Technology Group (STG) for $4.0 billion, the companies disclosed this morning.

This is technology M&A deal number 161 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.

McAfee Sells Enterprise Security Business: Deal Details

McAfee’s Enterprise business serves 86{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} of the Fortune 100 firms, and generated $1.3 billion in net revenue in fiscal year 2020, the company says. McAfee’s consumer security software business is not part of the deal.

Once

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