Cyber Security Solutions Provider FireEye Acquires Mandiant

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fireeyeFireEye (NASDAQ: FEYE), a provider of cyber security solutions, has acquired privately held Mandiant, a provider of endpoint security products and security incident response management solutions. Mandiant’s endpoint threat detection and response products will be incorporated as a core element of the FireEye Oculus platform.

Mandiant has been a strategic alliance partner of FireEye since April 2012. The combination of the two companies would be a natural extension of this partnership and their integrated product offering, which both companies announced in February 2013. Mandiant will be integrated with FireEye to provide global services and cloud solutions, including security consulting, incident response, and managed services.

Cash and stock payments

virtual-servers-security-fireeyeThe acquisition was approved by the shareholders of Mandiant and the boards of directors of both companies. Under the terms of the merger 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. In addition, FireEye granted certain performance-based retention equity incentives.

FireEye pioneered the use of virtual server technology in security with the introduction of its purpose-built virtual machine-based Multi-Vector Virtual Execution (MVX) engine. With more than two million virtual servers deployed worldwide, the company’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.

Fortune 100 clients

Mandiant delivers endpoint security, incident response, and remediation, and has more than two million endpoints installed globally. As a security advisor to more than one-third of the Fortune 100, Mandiant’s experts have responded to hundreds of high-profile security incidents and bring deep security and incident response expertise to FireEye.

The combined organization would unify the critical components required to provide state-of-the-art cyber security: a complete library of actionable threat intelligence on advanced threats and a product suite that can apply that intelligence to detect and prevent attacks on both the network and on endpoints.

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