Symphony Technology Group Closes Acquisition Of Mcafee’S Enterprise Business
Jul 27, 2021•about 4 years ago
Acquiring Company
Symphony Technology Group
Acquired Company
McAfee
Privacy And Security
Description
Symphony Technology Group (STG) today announced that a consortium led by it has completed the acquisition of McAfee’s Enterprise business. As a recognized leader in cybersecurity for more than 30 years, McAfee Enterprise will now singularly focus on keeping governments and enterprises safe and secure.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed