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FireEye acquires threat intelligence provider iSIGHT

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Cyber security firm FireEye acquired threat intelligence provider iSIGHT Partners. The transaction closed on January 14, 2016.

Under the terms of the merger agreement, FireEye will pay approximately $200 million in cash, subject to customary adjustments for transaction related expenses, to the former iSIGHT shareholders for 100 percent of the outstanding shares of iSIGHT.

Additionally, the former iSIGHT shareholders will have the opportunity to earn an additional amount of $75 million in cash and equity upon the achievement of a threat intelligence bookings target on or before the end of FireEye’s second quarter of 2018.

The transaction is expected to be slightly accretive to FireEye’s 2016 operating income and cash flow. As of December 31, 2015, FireEye’s balance sheet included approximately $1.17 billion in cash, cash equivalents and short-term investments.

“With higher quality alerts and the context to prioritize the most critical attacks with the response information at their fingertips, we solidify our role as an essential part of our customers’ security infrastructure,” said Michael Berry, FireEye chief financial officer.

“By delivering nation-state grade threat intelligence to commercial customers, we create new cross-sell opportunities that will drive new subscription revenue and increasing renewal value for existing customers.”

editor@infotechlead.com

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