McAfee Enterprise and FireEye merge to form Trellix
New firm is one of the largest cyber security companies
McAfee Enterprise and FireEye have merged to form a new company called Trellix.
The move follows the $1.2 billion acquisition of FireEye in October 2021 and the $4 billion purchase of McAfee Enterprise last July by private equity firm Symphony Technology Group (STG).
At the time of the FireEye acquisition, STG announced its intention to create a new entity focussed on extended detection and response (XDR) and secure access service edge (SASE) and since that time the two companies have been combining, but the name for the new company was withheld until today.
With 5,000 global employees and 40,000 customers and $2 billion in revenues, Trellix, whose name apparently "evokes the structure of a trellis, a strong and safe framework used to support the structured growth of climbing plants and trees", has become one of the largest cyber security companies in the world.
In October 2021, the new company's CEO, Bryan Palma, said the intent was, to focus on delivery in the cloud, artificial intelligence and automation, and give customers "a simpler footprint" with fewer security vendors to manage.
This time he focused more on the product line, which is based on McAfee Enterprise's SOC platform
"Trellix's XDR platform protects our customers as we bring security to life with automation, machine learning, extensible architecture, and threat intelligence," Palma said in a press release.
XDR extends endpoint detection and response (EDR) capabilities to also cover network, messaging, data protection and cloud services. Trellix claims it's system can ingest data from over six hundred native and open security technologies, providing greater insight and control to security analysts.
STG also plans to build on another McAfee's security service edge (SSE) product line, which includes cloud access security broker (CASB), secure web gateway (SWG) and zero-trust network access (ZTNA) solutions, launching an independent entity later this quarter.
The global cyber security market is growing at about 15 per cent per year.