Symphony Technology Group today launched Skyhigh Security, a new portfolio company that includes services that were previously part of McAfee Enterprise.
The announcement is the final part of a reorganization by STG after it purchased FireEye for $ 1.2 billion in June and McAfee Enterprise for $ 4 billion in March 2021. FireEye and parts of McAfee Enterprise were merged into a new company called Trellix in January.
It was noted at the time that STG planned to launch the McAfee Enterprise Secure Service Edge portfolio, including Cloud Access Security Broker, Secure Web Gateway and Zero Trust Network Access, as a separate business. As of today, the business is now Skyhigh Security.
The company was created to satisfy the growing cloud security requirements for large and small organizations. It’s said to have a unique approach that extends security beyond data access to securing how the data is used. Its data-aware Security Service Edge is built to meet the needs of modern workforce with security that follows the data and users wherever they are.
“Skyhigh Security has emerged as a dedicated cloud security company that is laser-focused on propelling businesses forward with a comprehensive and converged approach to data security,” William Chisholm, managing partner at STG, said in a statement. “We’re committed to investing in this business, which is in one of the most important markets in security, SSE.”
The full Skyhigh Security SSE Portfolio includes SWG, CASB, ZTNA, Cloud Data Loss Prevention, Remote Browser Isolation technology, Cloud Firewall and a Cloud-Native Application Protection Platform.
“Skyhigh Security has created a comprehensive security platform to secure both data access and data use via unified policies and data awareness,” Chief Executive Gee Rittenhouse said in prepared remarks. “Organizations can now have complete visibility and control and seamlessly monitor and mitigate security risks – achieving lower associated costs, driving greater efficiencies and keeping pace with the speed of innovation.”