Friday, January 3, 2014

FireEye snaps up cyber forensics firm Mandiant for $1 billion cash-stock deal

Security vendor FireEye today announced it has acquired privately-held endpoint security incident response vendor Mandiant for $1 billion with $106.5 million in cash.

FireEye and Mandiant said they intend to integrate Mandiant’s portfolio of products with FireEye’s  to develop new enterprise and cloud products and services. For one thing, FireEye said Mandiant’s endpoint threat detection and response products will be incorporated as a core element of the FireEye Oculus platform. FireEye’s CEO Dave DeWalt says the goal is to develop comprehensive products aimed at combating advanced threats that are stealthy attacks on organizations.

+MORE ON NETWORK WORLD What to expect of Internet of Things in 2014 | Washington Post reports servers attacked, Chinese espionage suspected+

Network World - Security vendor FireEye today announced it has acquired privately-held endpoint security incident response vendor Mandiant for $1 billion with $106.5 million in cash.

FireEye and Mandiant said they intend to integrate Mandiant’s portfolio of products with FireEye’s  to develop new enterprise and cloud products and services. For one thing, FireEye said Mandiant’s endpoint threat detection and response products will be incorporated as a core element of the FireEye Oculus platform. FireEye’s CEO Dave DeWalt says the goal is to develop comprehensive products aimed at combating advanced threats that are stealthy attacks on organizations.

+MORE ON NETWORK WORLD What to expect of Internet of Things in 2014 | Washington Post reports servers attacked, Chinese espionage suspected+

Mandiant has become known for forensic work it has done to assist a wide variety of companies, including large media organizations such as the Washington Post, determine how their networks have been attacked, often for purposes of cyber-espionage. Kevin Mandia, Mandiant’s founder and CEO, has been appointed by the FireEye board of directors to the position of senior vice president and chief operating office at FireEye. FireEye indicated it now provides its threat-protection software to more than 1,500 government, enterprise and small to mid-sized customers.

Ellen Messmer is senior editor at Network World, an IDG website, where she covers news and technology trends related to information security. Twitter: MessmerE. E-mail: emessmer@nww.com

Read more about security in Network World's Security section.


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1 comment:

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