RealTime IT News

FireEye Makes Billion Dollar Bid for Mandiant

Security vendor FireEye is acquiring privately held Mandiant in a cash-and-stock deal worth $1 billion. FireEye will pay $106.5 million in cash and issue 21.5 million shares and options to acquire Mandiant. Kevin Mandiant, founder of Mandiant, will become the chief operating officer (COO) at FireEye.

"Mandiant is a gold standard in the security industry and is often the first call that is made when a serious breach has occurred in an organization," FireEye CEO Dave DeWalt said on a briefing call. "Strategically, Mandiant brings us closer to the breach when it occurs, and we believe that this is critical to increasing the pull for our products."

Read the full story at eSecurity Planet:
FireEye Acquires Mandiant for $1 Billion

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.