FireEye Buys Verodin for USD 250MN
FireEye has acquired Verodin, the company specializing in validating the effectiveness of cyber security controls. The transaction is valued at approximately $250 million in cash and stock.
The acquisition of Verodin will add significant new capabilities to the FireEye portfolio by identifying gaps in security effectiveness due to equipment misconfiguration, changes in the IT environment, evolving attacker tactics, and more.
Whereas, for Verodin, when equipped with FireEye frontline intelligence, the platform will measure and test security environments against both known and newly discovered threats, empowering organizations to identify risks in their security controls before a breach occurs, and rapidly adapt their defenses to the evolving threat landscape.
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, chief executive officer at FireEye.
Chris Key, Verodin co-founder, and chief executive officer prior to the acquisition said that by joining FireEye, Verodin extends its ability to help customers take a proactive approach to understand and mitigate the unique risks, inefficiencies, and vulnerabilities in their environments.
The Verodin platform complements existing cybersecurity products and technology-enabled services. Further, Verodin will integrate with FireEye Helix security orchestration capabilities to help customers prioritize and automate continuous improvement of security controls. Customers will also be able to implement Verodin cybersecurity measurement and validation solutions “as-a-service” through the FireEye Managed Defense service and as an Expertise On Demand automated service.
Verodin solutions will continue to be available on a standalone basis through Verodin resellers, as well as through the global community of FireEye channel partners.
For further information on the transaction details: Click Here
