FireEye has bought privately-held endpoint security incident response vendor Mandiant in a deal worth $990 million.
On Thursday, FireEye announced its purchase of Mandiant for 21.5 million shares of FireEye stock and $106.5 million in net cash, which would price the transaction at roughly $990 million based on FireEye’s closing stock price of $41.13. The transaction closed on 30th December.
Last year, Mandiant played a critical role in helping The New York Times track down alleged Chinese hackers who had breached its systems. The Washington Post has also hired the Alexandria, Virginia-based company to help it analyse and defend its IT resources, the paper said in its own report of the acquisition.
Mandiant’s products are designed to help companies’ security teams respond faster to potential cyberattacks and provide better intelligence about when they might occur. Combining those services with FireEye will cover all the major potential attack points within an organisation, Mandiant CEO Kevin Mandia said.
The combined company will also offer security consulting, incident response and managed services, FireEye said.
