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FireEye buys X15 Software in big data push
- 15 January, 2018 10:15
FireEye is set to boost its data management capabilities following its US$20 million acquisition of US-based operational intelligence platform provider, X15 Software.
The deal, which closed on 11 January, sees FireEye take on X15 Software’s big data platform, which is used for integrating machine-generated data that can incorporate new security technologies and big data sources to adapt to the evolving threat environment.
"Organisations today are overwhelmed by alerts, the number of tools required to manage their security operations, and the challenge of unifying access to the large volumes of data that matter," FireEye senior vice president of engineering, John Laliberte, said.
"The X15 Software team built an incredibly versatile, enterprise-grade big data platform that enables distributed, real-time access and ingestion of data at scale within a unified data model and modular query language.
“X15 Software technology will accelerate our strategy of delivering an innovative, next-gen security platform,” he said.
FireEye said that the integration of X15 Software's technology will enhance its ability to collect and deliver data.
It is expected that X15 Software’s technology will accelerate the capabilities of the FireEye platform to better enable organisations to leverage security data to make expert decisions and keep pace with the threats against them.
"We founded X15 Software to help organisations get more value out of the massive data they were generating on a daily basis, and very quickly we saw how impactful our technology could be in the security space," X15 Software chief, Val Rayzman, said prior to the acquisition.
"By coming together with FireEye, we can help build a security platform that uses big data, threat intelligence and analytics to keep customers secure."
Under the terms of the acquisition agreement, FireEye will pay approximately US$15 million in equity and US$5 million in cash.
The acquisition comes roughly two years FireEye, bought iSIGHT for US$200m cash. FireEye chairman and chief executive at the time, David DeWalt, claimed at the time that the acquisition extends the company’s intelligence lead with an offering no one else in the industry can match.
Just days ago, it was revealed that FireEye’s regional director for Australia and New Zealand, Richard Metcalfe, had left the security vendor to join security automation and orchestration start-up Phantom.
"Transitions in our industry is natural and we wish Richard Metcalfe well," a FireEye spokesperson told ARN. "Eric Hoh, president of Asia Pacific, is managing the business in A/NZ and we are excited about the opportunity in the region and with our partners."