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Cybersecurity firm FireEye acquires Mandiant

Jan. 3, 2014 - 03:45AM   |  
By JACK WITTMAN   |   Comments
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FireEye is expanding its cybersecurity offerings with the acquisition of Mandiant, which specializes in helping clients who have been attacked.

Mandiant, based in Alexandria, Va., will be integrated with Milpitas, Calif.-based FireEye “to provide global services and cloud solutions, including security consulting, incident response, and managed services,” FireEye said Thursday in a news release.

Mandiant, which has been a strategic alliance partner of FireEye since April 2012, “expands FireEye’s ability to stop advanced attacks at the earliest phases of the attack life cycle,” the company said.

FireEye’s virtual machine-based Web, email, data center and mobile security solutions provide real-time, dynamic threat protection to more than 1,500 government, enterprise, and small and mid-sized customers, the company said. Mandiant “is an acknowledged leader in endpoint security, incident response, and remediation, with more than two million endpoints installed globally,” FireEye said,

The acquisition was approved by the shareholders of Mandiant and the boards of directors of both companies. Under the terms of the agreement, FireEye will issue an aggregate of 21.5 million shares and options to purchase shares of FireEye stock and pay approximately $106.5 million of net cash in the transaction to the former Mandiant security holders.

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