Security Firm FireEye Acquires Cybersecurity Validator Platform Veridon

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FireEye

Milpitas, California based FireEye, intelligence-led security has confirmed acquiring Verodin, the Virginia based cybersecurity company for $250 million in all cash and stock deal.

Verodin was launched in 2014 by Ben Cianciaruso and Christopher Key as a platform which allows the organizations to measure, manage, and improve their cybersecurity effectiveness. The company had secured over $33 million in funding since its inception from the backers that included the names like TenEleven Ventures, Citi Ventures, Capital One Growth Ventures, Bessemer Venture Partners, Cisco Investments, Crosslink Capital, Blackstone Ventures, and Rally Ventures.

VerodinFireEye, on the other hand, was launched by Ashar Aziz, Zheng Bu in 2004 and is a unicorn company which is listed on the NASDAQ with the name FEYE. The firm has secured funds worth $840 million from investors that include the notable names like Jupiter Networks, DAG Ventures, Silicon Valley Bank, Wing Venture Capital, Sequoia Capital, Vilicus Ventures, Norwest Venture Partner, Goldman Sachs and others.

Kevin Mandia, the CEO of FireEye commenting on the deal through a statement said, "Verodin gives us the ability to automate security effectiveness testing using the sophisticated attacks we spend hundreds of thousands of hours responding to and provides a systematic, quantifiable, and continuous approach to security program validation."

Chris Key, the CEO at Verodin feels that with the deal the company gets the chance to grow faster. “By joining FireEye, Verodin extends its ability to help customers take a proactive approach to understand and mitigating the unique risks, inefficiencies, and vulnerabilities in their environments," Key said through a statement.

 

Image Courtesy  : inforisktoday, verodin

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