Infotech Lead India: FireEye, a provider of threat protection solutions, announced plans for a new research and development (R&D) center in Bangalore.
The R&D center, which opened on March 14, 2013, will employ approximately 50 research and development specialists by the end of the year.
FireEye announced the appointment of Sridhar Jayanthi to head the new R&D center as VP, research and development and also as managing director, India operations.
In addition, FireEye has appointed Ramsunder Papineni as the regional sales director for India and the nations participating in the South Asian Association for Regional Cooperation (SAARC).
Prior to joining FireEye, Sridhar was senior VP of engineering and managing director, India of McAfee. Sridhar will contribute to the FireEye product direction and will build the company’s Indian operations.
Ramsunder Papineni has technology selling expertise with over 21 years of experience in running large field operations and sales organizations across industry verticals. Prior to joining FireEye, Ramsunder was the deputy managing director for McAfee India. He was responsible for driving the security solutions across large enterprises across India and SAARC.
Last November, FireEye roped in former McAfee President Dave DeWalt to be its CEO, and last month it raised $50 million in new venture-capital funding.
Last month FireEye enhanced partnership with Mandiant to leverage the FireEye threat protection platform and provide joint customers with complete detection and remediation of cyber attacks such as zero-day and advanced persistent threat attacks.
According to a Microsoft-commissioned study by IDC, the spend by individual consumers will be 1.5 billion hours and $22 billion for identifying, repairing and recovering from the impact of malware. Enterprises will spend $114 billion to deal with the impact of a malware-induced cyber-attack.
FireEye’s portfolio of products comprises the Web Malware Protection System, Email Malware Protection System, and Malware Analysis System managed by a common Central Management System which can all connect into the Malware Protection Cloud.
The FireEye MPS is the industry’s first solution that accurately detects advanced malware stopping zero-day and targeted APT attacks as well as their outbound callbacks. FireEye blocks the advanced threats that conventional defenses miss. It features near-zero false positive rates for a rapid security ROI.
FireEye saw more than $100 million in bookings in 2012, leading to more than 100 percent year-over-year growth.