5/28/2019
04:40 PM

FireEye Buys Verodin for $250 Million

Acquisition of security instrumentation firm will add more than $70 million to 2020 billing, FireEye estimates.



FireEye today announced that it has purchased security instrumentation vendor Verodin for $250 million in cash and stock.

Verodin's Security Instrumentation Platform monitors, tests, and validates security controls of an organization's network, identifying misconfigurations as well as other potential security weaknesses and the impact of newly emerging threats.

"Security effort does not equal security effectiveness. That is why security-conscious customers red-team their networks — they need the unvarnished truth of how effective their security programs are. 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," said Kevin Mandia, CEO of FireEye.

"We believe there is no better way to train people and instrument better security than by continually attacking the environment and adapting security controls to the real threats," Mandia said. "Finally, organizations will have a reliable and consistent way to quantify cyber risk in a manner understandable to frontline technicians and in the Board room."

The acquisition is expected to increase FireEye's billings by $20 million this year, and by $70 million in 2020, according to the company.

Read more about the deal here.

 

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