Security Firm Buys Mandiant for $1 Billion
DATA PROTECTIONJanuary 3, 2014
FireEye, a major security firm, announced on Thursday that it is bolstering its security offerings in the purchase of Mandiant for $1 billion, IDG News Service reports. Mandiant, which does $100 million in sales per year, made headlines last January after it helped The New York Times discover alleged Chinese hackers lying dormant within the publisher’s network. Though the companies reside in the same industry, each specializes in different offerings. FireEye specializes in network monitoring and intrusion detection, while Mandiant provides an incident response platform, helps clients determine what data has been compromised and closes vulnerabilities, The Washington Post reports. FireEye Chairman and CEO David DeWalt said the combination of firms will allow it to move more quickly from detection to response.