May
28
2019
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FireEye snags security effectiveness testing startup Verodin for $250M

When FireEye reported its earnings last month, the outlook was a little light, so the security vendor decided to be proactive and make a big purchase. Today, the company announced it has acquired Verodin for $250 million. The deal closed today.

The startup had raised over $33 million since it opened its doors 5 years ago, according to Crunchbase data, and would appear to have given investors a decent return. With Verodin, FireEye gets a security validation vendor, that is, a company that can run a review against the existing security setup and find gaps in coverage.

That would seem to be a handy kind of tool to have in your security arsenal, and could possibly explain the price tag. Perhaps, it could also help set FireEye apart from the broader market, or fill in a gap in its own platform.

FireEye CEO Kevin Mandia certainly sees the potential of his latest purchase. “Verodin gives us the ability to automate security effectiveness testing using the sophisticated attacks we spend hundreds of thousands of hours responding to, and provides a systematic, quantifiable, and continuous approach to security program validation,” he said in a statement.

Chris Key, Verodin co-founder and chief executive officer, sees the purchase through the standard acquisition lens. “By joining FireEye, Verodin extends its ability to help customers take a proactive approach to understanding and mitigating the unique risks, inefficiencies and vulnerabilities in their environments,” he said in a statement. In other words, as part of a bigger company, we’ll do more faster.

While FireEye plans to incorporate Verodin into its on-prem and managed services, it will continue to sell the solution as a stand-alone product, as well.

Feb
24
2015
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Business Services, Retail Saw The Most Online Security Breaches In 2014: FireEye

13334048894_6e8b421c4e_o Business services and retail operations saw the most online intrusions from malicious hackers in 2014, and one business was infiltrated and tapped for a full eight years before it figured out it was being targeted, according to Mandiant, a division of computer security firm FireEye. In the news recently for tracking how supporters of the pro-Assad Syrian government have been… Read More

May
06
2014
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FireEye Buys nPulse Technologies For $60M+ To Beef Up Network Security Suite

Binary code as hand plucks password from it. Today, FireEye, a security and intrusion detection company, bought nPulse Technologies to beef up its security platform by giving customers easier insight into the nature of a network intrusion. According to FireEye, they will pay approximately $60 million in cash, and issue around $10 million in stock consideration that is subject to the achievement of certain milestones. They did not… Read More

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