Your one-stop web resource providing safety and security information to manufacturers

Security firm, FireEye, is broadening its portfolio with its $1 billion purchase of security provider Mandiant.

FireEye said the company can now combine its virtual machine monitoring tools with Mandiant’s endpoint security, incident response and mediation.

Security Firm Accumuli Deals for Eqalis
Security Deal: Akamai Acquires Prolexic
Trustwave Deals for Application Security
HyTrust acquires HighCloud Security

As far as mass public understanding goes, Mandiant gained national news for its spotting and rooting out Chinese hackers from The New York Times.

As a part of the deal, FireEye will issue 21.5 million shares and options worth about $900 million and pay $106.5 million in cash to acquire Mandiant.

Cyber Security

FireEye and Mandiant are security companies that target technologies that go beyond the basic antivirus and signature-based tools.

Mandiant is often the first call companies make after an attack, said FireEye Chief Executive David DeWalt. FireEye and Mandiant were already partners and the combined company will be able to offer everything from intelligence to endpoint monitoring to consulting services. DeWalt said Mandiant will put FireEye closer to incidents and bolster product cycles.

Kevin Mandia, Mandiant chief executive, will become the chief operating officer of the combined company.

Based on the financial picture, FireEye and Mandiant should have quite a few cross selling opportunities, be able to expand internationally and improve products.

FireEye said its fourth quarter would be strong with revenue of $55 million to $57 million, up 74 percent to 80 percent from a year ago. The company said 2013 revenue will be $159 million to $161 million, up 91 percent to 93 percent from 2012. Mandiant’s 2013 sales topped $100 million.

FireEye said the combined company will deliver 2014 revenue of $400 million to $410 million, up about 50 percent from 2013.

Pin It on Pinterest

Share This