FireEye Acquires Mandiant

fireeyeFireEye (NASDAQ: FEYE), a Milpitas, CA-based provider of solution to stop advanced cyber attacks, acquired Mandiant, an Alexandria, Va.-based provider of advanced endpoint security products and security incident response management solutions.

Under the terms of the merger agreement, FireEye will issue an aggregate of 21.5m shares and options (worth $939m on Monday  30/12/2013, when the stock closed at $43.69), and pay approximately $106.5m of net cash in the transaction to the former Mandiant security holders (including Kevin founder and CEO Kevin Mandia and venture capital firms Kleiner Perkins Caufield & Byers, One Equity Partners and the investment arm of JPMorgan Chase & Co.).

Mandiant will be integrated with FireEye to provide global services and cloud solutions, including security consulting, incident response, and managed services. Its endpoint threat detection and response products will be incorporated as a core element of the FireEye Oculus platform.

Founded in 2004 and led by David DeWalt, chairman of the board and CEO, FireEye provides a virtual machine-based security platform that gives real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks. It has over 1,500 customers (government, enterprise, and small and mid-sized customers) across more than 40 countries.

Kevin Mandia has been appointed by the FireEye board of directors to the position of senior vice president and chief operating officer.



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