Security Company FireEye Files for IPO - 0 views
started by Brennan Magnusson on 13 Oct 13
started by Brennan Magnusson on 13 Oct 13
started by Brennan Magnusson on 13 Oct 13
started by Brennan Magnusson on 13 Oct 13
FireEye was started by artist Ashar Aziz back 2004. His knowledge within the security industry helped him spot a significant challenge in the space: Signature-based methods may sooner or later be ineffective. We found out about close remove frame by searching Bing. One major factor is the fact that the beginning of modern technologies like the cloud, social network, virtualization and smartphones allows many new entry points for worms and spyware.
More over, the thieves are no longer just individual hackers, they are frequently criminal enterprises and even nation states!!
In accordance with FireEye's S-1:.
' [The] highly sophisticated cyber attacks consistently bypass traditional signature-based defenses by launching active, stealthy and specific malware that permeates defenses in multiple stages and through multiple entry points of an IT network.' . It's scary stuff. But FireEye has generated a virtual machine-based security system to react. It works in uses and real-time next-generation technologies and advanced level heuristic algorithms. Be taught further on our affiliated link - Browse this link: privacy. For the most part, FireEye detects a threat in early stages and manages it with little disruption to a company's network. The software can be started within just a few hours.
As should be no surprise, FireEye has has purchased several customers, which now total over 1000. They contain over 125 of the Fortune 500 and span across more than 40 countries.
From 2010 to 2012, revenue surged from $11.8 million to $83.3 million. Through that period, though, the losses climbed from $9.5 million to $35.8 million. But bear in mind that FireEye has determined greatly in building a strong base for continued hyper-growth.
The company even offers a top-level management team. In 2007, he brought a transformation of McAfee and then sold the company to Intel in 2011 for $7.7 million.
And yes, the time looks spot-on for a FireEye IPO. Just a couple of weeks ago, Cisco agreed to shell out over $2 million for security driver Sourcefire. Because of this, the offer has sparked news that other mega computer organizations, like Oracle, Microsoft and IBM, will ramp-up their M&A.
What is more, security IPOs have performed well. Between the standouts is Imperva, that is up almost 200 % since its offering in late 2011. Read This includes additional info concerning why to do this viewpoint.
In light of all this, the FireEye IPO could have its faults. It's a fairly good odds that Fireye will light buyers' purses.
FireEye was founded by engineer Ashar Aziz back 2004. FireEye has generated a virtual machine-based security system to fight-back. For the most part, FireEye detects a threat in the first stages and manages it with little disruption to your company's network. Keep in mind that FireEye has invested heavily in developing a strong basis for ongoing hyper-growth.
And yes, the timing looks spot-on for a FireEye IPO.