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FireEye buys Mandiant for over USD1bn

Friday, January 03 15:42:02

Global software security firm, FireEye has bought network protector, Mandiant for just over $1 billion with both firms having a significant presence in Ireland.

They both recently set up operations in Ireland and have announced 250 new jobs for Dublin and Cork.

Mandiant officially opened an engineering and security operations facility in Dublin last October, which will result in the creation of 100 new jobs. Last March, FireEye announced plans to create 150 jobs at a new EMEA technical support centre in Cork.

Anti-malware specialist FireEye's stock exchange debut made it the toast of the security industry last year but forensics specialist Mandiant, which works with a third of the Fortune 100, also hit the headlines in 2013 for exposing a Chinese cyber-espionage unit.

The duo already collaborates on product development, while FireEye chief executive Dave DeWalt had previously served as chairman of Mandiant's board. Both companies are known to be expanding rapidly across Europe.