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.”