FireEye buys cyber forensics firm Mandiant for about $1 bill

Home Forums FireEye buys cyber forensics firm Mandiant for about $1 bill

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    Technology News

    FireEye Inc. Chairman of the Board, DeWalt and Founder Aziz pose with Nasdaq CEO Greifeld outside the Nasdaq Market site in Times SquareBy Jim Finkle BOSTON (Reuters) – Cybersecurity company FireEye Inc has acquired Mandiant Corp, the computer forensics specialist best known for unveiling a secretive Chinese military unit believed to be behind a series of hacking attacks on U.S. companies. FirEye shares jumped more than 20 percent after Thursday's announcement of the $1.05 billion cash-and-stock deal, which FireEye said closed on Monday. It unites two companies with relatively new technologies for thwarting cyber attacks, and brings together two of the most-respected executives in the security industry: FireEye CEO Dave DeWalt and Mandiant founder Kevin Mandia. While sales of older anti-virus products have been on the decline, security experts expect strong growth in both FireEye's cloud-based systems for detecting malicious software and Mandiant's software that analyzes cyber attacks.

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