logo
Share SHARE
FONT-SIZE Plus   Neg

FireEye Acquires Mandiant For About $1 Bln.

FireEye (FEYE), the security software company, said Thursday it has acquired privately held Mandiant for about $1 billion. Mandiant is a provider of advanced endpoint security products and security incident response management solutions.

As per the terms, FireEye will issue an aggregate of 21.5 million shares and options to purchase shares of FireEye stock and pay about $106.5 million of net cash in the deal to the former Mandiant security holders. Also, FireEye granted certain performance-based retention equity incentives.

The acquisition, which recognizes the ever-increasing intensity of cyber attacks and follows nearly two years of collaboration, creates the industry's leading advanced threat protection vendor with the ability to find and stop attacks at every stage of the attack life cycle, FireEye said in a statement.

According to FireEye, Mandiant is an acknowledged leader in endpoint security, incident response, and remediation, with more than two million endpoints installed globally.

The deal brings together two highly complementary companies and creates an organization uniquely qualified to meet organizations' needs for real-time detection, contextual threat intelligence, and rapid incident response, the company said.

"Organizations today are faced with knitting together a patchwork of point products and services to protect their assets from advanced threats," said David DeWalt, CEO of FireEye.

"Together, the size and global reach of FireEye and Mandiant will enable us to innovate faster, create a more comprehensive solution, and deliver it to organizations around the world at a pace that is unmatched by other security."

Kevin Mandia, Mandiant's founder and chief executive officer prior to the acquisition, has been appointed by the FireEye board to the position of senior vice president and chief operating officer of FireEye.

Mandiant will be integrated with FireEye to provide global services and cloud solutions, including security consulting, incident response, and managed services. Mandiant's endpoint threat detection and response products will be incorporated as a core element of the FireEye Oculus platform.

FireEye stock closed Thursday at $41.13, down $2.48 or 5.69%, on a volume of 783 thousand shares on the Nasdaq.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
RELATED NEWS
Trade FEYE now with 
Follow RTT