360° Coverage : FireEye buys firm that tied cyberattacks to China

1 Updates

FireEye buys firm that tied cyberattacks to China

Jan 2 2014, 5:42pm CST | by

FireEye buys Mandiant, technology firm that linked cyberattacks to Chinese military unit NEW YORK (AP) — FireEye Inc. said Thursday it has acquired Mandiant Corp., the firm that linked...

Filed under: news

 
 
 

42 weeks ago

FireEye buys firm that tied cyberattacks to China

Jan 2 2014, 5:42pm CST | by

FireEye buys Mandiant, technology firm that linked cyberattacks to Chinese military unit

NEW YORK (AP) — FireEye Inc. said Thursday it has acquired Mandiant Corp., the firm that linked years of cyberattacks against U.S. companies to a secret Chinese military unit.

FireEye said that the purchase of privately held Mandiant would increase its ability to stop attacks in their early stages.

The company valued the deal at nearly $1 billion. FireEye said it would buy 21.5 million shares and options of its stock — worth about $884 million at Thursday's closing price — and pay $106.5 million in cash to former Mandiant investors.

FireEye makes computer-security software. It had a successful initial public offering of stock in September, with the shares nearly doubling in price on the first day of trading. The Milpitas, Calif.-based company said its customers include more than 100 of the Fortune 500 corporations.

Virginia-based Mandiant drew attention last February when it issued a detailed report tracing attacks on 141 companies to a hacking unit in Shanghai that experts believe is part of the Chinese Army's cyber command. The Chinese government denied the firm's accusations, but the incident helped the company burnish a reputation in cybersecurity.

Mandiant's clients include more than one-third of the largest 100 corporations, according to FireEye.

Before the deal was announced, shares of FireEye fell $2.48, or 5.7 percent, to close at $41.13, but they were soaring $9.12, or 22.2 percent, to $50.25 in after-hours trading.

FireEye also said that fourth-quarter revenue would be between $55 million and $57 million, higher than the company's earlier forecast of $52 million to $54 million. Analysts surveyed by FactSet expected $53.4 million. The company is scheduled to report results after the market closes on Feb. 11.

Including the Mandiant acquisition, FireEye expects 2014 revenue to be $400 million to $410 million.

Source: AP Business

 
Update
1

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new c ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/31" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

blog comments powered by Disqus

Latest stories

WHO welcomes approval of Ebola vaccine trial in Switzerland
Geneva, Oct 28 (IANS) The World Health Organisation (WHO) Tuesday welcomed the approval of a Swiss regulatory authority for a trial with an experimental Ebola vaccine at the Lausanne University Hospital.
 
 
Salt-degraded farm soil now equals the size of France
Toronto, Oct 28 (IANS) Every day for more than 20 years, an average of 2,000 hectares of irrigated land in arid and semi-arid areas across 75 countries, including in India, has been degraded by salt, a research has found.
 
 
Radiation exposure ups aggressive thyroid cancer risk
New York, Oct 28 (IANS) Nuclear power plant accidents could be devastating and researchers have now found that exposure to radioactive iodine is associated with more aggressive forms of thyroid cancer.
 
 
French medical personnel who treated Ebola victim free of virus
Paris, Oct 28 (IANS/EFE) Dozens of medical personnel who took care of a French nurse while she was being treated for the Ebola virus disease have finished their observation period and are free of the virus, French health officials said Tuesday.
 
 
 

Latest from the Network

Billiards: Bhaskar shocks Gilchrist, joins Advani in semis
Leeds, Oct 28 (IANS) For long the bridesmaid in Indian billiards, Balachandra Bhaskar, the 43-year-old from Bangalore, authored a big upset when he knocked out defending champion Peter Gilchrist 797-586 to enter the...
Read more on Sport Balla
 
WHO welcomes approval of Ebola vaccine trial in Switzerland
Geneva, Oct 28 (IANS) The World Health Organisation (WHO) Tuesday welcomed the approval of a Swiss regulatory authority for a trial with an experimental Ebola vaccine at the Lausanne University Hospital. According to...
Read more on Business Balla
 
Indian in US gets 15 years in jail for backing Hezbollah
New York, Oct 28 (IANS) An Indian citizen residing illegally in the US has been sentenced to 15 years in prison for allegedly trying to provide material support to Hezbollah, a designated foreign terrorist...
Read more on Politics Balla
 
Another body recovered from sunken South Korean ferry
Seoul, Oct 28 (IANS/EFE) South Korean rescue teams Tuesday recovered one of the 10 bodies still missing from the Sewol ferry which sunk off the country's southwest coast April 16 this year leaving 304 people dead, most...
Read more on Politics Balla
 
Iraqi Kurdish force moves to help fight IS militants in Kobane
Baghdad, Oct 28 (IANS) A group of Iraqi Kurdish fighters, known as Peshmerga, headed Tuesday to the Syrian border town of Kobane via Turkey to help local Kurdish people who have been struggling to fend off attacks by...
Read more on Politics Balla
 
Al Qaeda affiliate seizes seven villages in Syria
Beirut, Oct 28 (IANS/EFE) The Nusra Front, Al Qaeda's affiliate in Syria, has seized seven villages in the northern Syrian province of Idlib over the past few hours, the Syrian Observatory for Human Rights reported...
Read more on Politics Balla
 
Butler, Witherspoon to appear at Hollywood Film Awards
Los Angeles, Oct 28 (IANS) A bevy of Hollywood stars including Gerard Butler, Michael Keaton and Reese Witherspoon will appear in the Eye's inaugural Hollywood Film Awards, scheduled to take place Nov 14. CBS has...
Read more on Celebrity Balla
 
Help Yezidis from extinction: Ravi Shankar
Bangalore, Oct 28 (IANS) Spiritual leader Sri Sri Ravi Shankar Tuesday urged the governments of Europe, the US and India to save the thousands of Yazidis trapped in the Sinjar mountains in Iraq. "This is the one of...
Read more on Politics Balla
 
Salt-degraded farm soil now equals the size of France
Toronto, Oct 28 (IANS) Every day for more than 20 years, an average of 2,000 hectares of irrigated land in arid and semi-arid areas across 75 countries, including in India, has been degraded by salt, a research has...
Read more on Politics Balla
 
Radiation exposure ups aggressive thyroid cancer risk
New York, Oct 28 (IANS) Nuclear power plant accidents could be devastating and researchers have now found that exposure to radioactive iodine is associated with more aggressive forms of thyroid cancer. "Our group has...
Read more on Politics Balla