FireEye Buys Security Validation Startup Verodin for $250M
FireEye acquires Verodin for $250 million to boost its security effectiveness testing capabilities. The purchase allows FireEye to automatically identify gaps in customer security setups.
FireEye acquires security effectiveness testing startup Verodin for $250 million in a move to strengthen its cybersecurity platform. The deal closes today following a light earnings outlook from FireEye last month, prompting the company to make a proactive purchase. Verodin raises over $33 million during its five years of operation, providing investors with a solid return.
Verodin operates as a security validation vendor that runs automated reviews against existing security setups to find gaps in coverage. FireEye CEO Kevin Mandia states that this acquisition allows the company to automate security testing using the sophisticated attacks they spend hundreds of thousands of hours responding to. This capability provides a systematic and continuous approach to validating security programs.
Verodin co-founder and CEO Chris Key notes that joining FireEye extends their ability to help customers proactively understand and mitigate risks in their environments. FireEye plans to incorporate Verodin into its on-premises and managed services, but it continues to sell the solution as a standalone product as well.