FireEye Announces Acquisition of X15 Software
January 12 2018 - 8:00AM
Business Wire
X15 Software’s Next Generation Big Data
Platform To Add Innovative New Capabilities To Monitor, Search and
Analyze Machine-Generated Security Data Across Cloud and On-Prem
Environments
FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security
company, today announced it acquired privately held X15 Software
and its innovative next generation big data platform. The
acquisition, which closed on January 11, 2018, will add significant
data management capabilities and provide customers with an open
platform for integrating machine-generated data that can easily
incorporate new security technologies and big data sources to adapt
to the evolving threat environment.
“Organizations today are overwhelmed by alerts, the number of
tools required to manage their security operations, and the
challenge of unifying access to the large volumes of data that
matter,” said John Laliberte, senior vice president of engineering
at FireEye. “The X15 Software team built an incredibly versatile,
enterprise-grade big data platform that enables distributed,
real-time access and ingestion of data at scale within a unified
data model and modular query language. X15 Software technology will
accelerate our strategy of delivering an innovative, next-gen
security platform.”
The integration of X15 Software’s technology will enhance the
ability of FireEye to collect and deliver the data organizations
need to protect their most valuable assets, providing:
Big Data Management Capabilities -- X15 Software
technology solves the complex problem of collecting, querying and
analyzing large volumes of machine-generated data in real-time. X15
Software technology is built with the flexibility to ingest data
sources at scale, allowing organizations to capture new data as
their infrastructure evolves.
One Management Console for Cloud, On-Premise and Hybrid
Environments -- As organizations expand their usage of
different cloud platforms, X15 Software technology will provide the
flexibility to manage security data from on-premise, hybrid and
cloud environments, including: AWS Microsoft Azure, Google Cloud
Platform and Oracle Cloud.
A Platform for Innovation -- As the security landscape
changes, organizations need a flexible security operations platform
that can match the evolving capabilities of the adversaries. X15
Software technology will accelerate the capabilities of FireEye
platform to better enable organizations to leverage security data
to make expert decisions and keep pace with the threats against
them.
“We founded X15 Software to help organizations get more value
out of the massive data they were generating on a daily basis, and
very quickly we saw how impactful our technology could be in the
security space,” said Val Rayzman, CEO of X15 Software prior to the
acquisition. “By coming together with FireEye, we can help build a
security platform that uses big data, threat intelligence and
analytics to keep customers secure.”
X15 Software was founded in 2013 and currently employs
approximately 20 employees. The X15 teams are located in California
and India and will bring their big data management experience to
the FireEye engineering teams in their respective locations.
Financial Terms of the Transaction
Under the terms of the acquisition
agreement, FireEye will pay approximately $15 million in
equity and $5 million in cash.
About FireEye, Inc.
FireEye is the intelligence-led security company. Working as a
seamless, scalable extension of customer security operations,
FireEye offers a single platform that blends innovative security
technologies, nation-state grade threat intelligence, and
world-renowned Mandiant® consulting. With this approach, FireEye
eliminates the complexity and burden of cyber security for
organizations struggling to prepare for, prevent, and respond to
cyber attacks. FireEye has over 6,300 customers across 67
countries, including more than 40 percent of the Forbes Global
2000.
Forward-Looking Statements
This press release contains forward-looking statements about the
expectations, beliefs, plans, intentions and strategies of FireEye
relating to FireEye's acquisition of X15 Software. Such
forward-looking statements include statements regarding future
offerings; expected benefits to FireEye, X15 Software and their
respective customers; and plans regarding X15 Software technology
and personnel. These forward-looking statements involve risks and
uncertainties, as well as assumptions which, if they do not fully
materialize or prove incorrect, could cause FireEye's results to
differ materially from those expressed or implied by such
forward-looking statements. The risks and uncertainties that could
cause FireEye's results to differ materially from those expressed
or implied by such forward-looking statements include the failure
to achieve expected synergies and efficiencies of operations
between FireEye and X15 Software; the ability of FireEye and X15
Software to successfully integrate their respective market
opportunities, technology, products, personnel and operations; the
failure to timely develop and achieve market acceptance of combined
products and services; customer demand and adoption of the
technology and solutions of FireEye or X15 Software; real or
perceived defects, errors or vulnerabilities in the offerings of
FireEye or X15 Software; the potential impact on the business of
X15 Software as a result of the acquisition; the ability of FireEye
and X15 Software to retain and motivate key employees of FireEye or
X15 Software; and general economic conditions; as well as those
risks and uncertainties included under the captions "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations," in FireEye's Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on November
2, 2017, which is available on the Investor Relations section of
the company's website at investors.FireEye.com and on the SEC
website at www.sec.gov. All forward-looking statements in this
press release are based on information available to FireEye as of
the date hereof, and FireEye does not assume any obligation to
update the forward-looking statements provided to reflect events
that occur or circumstances that exist after the date on which they
were made. Any future product, feature, or related specification
that may be referenced in this release is for informational
purposes only and is not a commitment to deliver any technology or
enhancement. FireEye reserves the right to modify future product or
service plans at any time.
© 2018 FireEye, Inc. All rights reserved. FireEye, X15 and
Mandiant are registered trademarks or trademarks of FireEye, Inc.
in the United States and other countries. All other brands,
products, or service names are or may be trademarks or service
marks of their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20180112005109/en/
FireEye, Inc.Media contact:Dan Wire,
415-895-2101dan.wire@fireeye.comorInvestor contact:Kate
Patterson, 408-321-4957kate.patterson@FireEye.com
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