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When FireEye announced its results last month, the outlook was a little weak and the security solutions provider decided to be proactive and make a big purchase. Today, the company has announced that it has acquired Verodin for $ 250 million. The transaction was closed today.
According to Crunchbase data, the startup has raised more than $ 33 million since opening its doors five years ago. It would appear that she has offered a decent return to investors. With Verodin, FireEye gets a security validation vendor, that is, a company that can perform an audit of the existing security configuration and find gaps in the coverage.
This would seem to be a handy tool to use in your security arsenal and could possibly explain the price tag. Perhaps it could also help FireEye to stand out from the wider market or fill a gap in its own platform.
FireEye President Kevin Mandia is certainly seeing the potential of his latest purchase. "Verodin allows us to automate security effectiveness testing with the help of sophisticated attacks to which we respond, and provides a systematic, quantifiable, and continuous approach to validation. a security program, "he said.
Chris Key, co-founder and CEO of Verodin, sees the purchase through the standard lens. "By joining FireEye, Verodin is expanding its ability to help customers take a proactive approach to understanding and mitigating the unique risks, inefficiencies and vulnerabilities of their environments," he said in a statement. In other words, as part of a large company, we will do faster.
Although FireEye plans to integrate Verodin into its on-premise and managed services, it will also continue to sell the solution as a stand-alone product.
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