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

Editors Pick
The recent week marked the lull before the storm, with very few market moving economic numbers released during the week. However, the economic news flow picks up pace in the upcoming week, offering glimpses into every vehicle of economic growth, ranging from consumers to private sector activity to housing.... Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations.
comments powered by Disqus
Follow RTT