Safety Provider FireEye Files for Initial Public Offering - 0 views
started by Song Hagan on 05 Jan 14
started by Song Hagan on 05 Jan 14
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FireEye was founded by engineer Ashar Aziz back in 2004. Dig up more on our related portfolio - Click here: fireye ipo. His understanding in the safety niche helped him spot a substantial dilemma in the space: Signature-primarily based methodologies will eventually be ineffective. One massive issue is that the development of modern day technologies like social networking, the cloud, virtualization and smartphones will permit many new entry points for malware and viruses.
Also, the perpetrators are no longer just individual hackers, they are usually criminal organisations and even nation states !
FireEye has designed a virtual machine-based safety program to fight back. For the most portion, FireEye determines a threat in the beginning phases and takes care of it with minor disruption to a corporation's network.
As need to be no surprise, FireEye has has snapped up several customers, which now aggregate over 1,000. They span across more than 40 nations and incorporate more than 125 of the Fortune 500.
From 2010 to 2012, sales surged from $11.8 million to $83.three million. Dig up extra info on fireeye ipo price by going to our stirring article. During that period, although, the losses climbed from $9.5 million to $35.eight million. But maintain in mind that FireEye has committed heavily in creating a robust groundwork for continued hyper-growth.
The company also has an excellent management crew. In 2007, he led a turnaround of McAfee and then sold the business to Intel in 2011 for $7.7 billion.
And yes, the timing appears spot-on for a FireEye IPO. Just a couple of weeks ago, Cisco agreed to shell out over $2 billion for safety operator Sourcefire. To get other viewpoints, you are asked to check-out: fireeye malware security. Consequently, the deal has touched off rumor that other mega tech companies, like Oracle, Microsoft and IBM, will ramp-up their M&A as nicely.
What's far more, safety IPOs have also performed properly. Amongst the standouts is Imperva, which is up virtually 200 % since its offering in late 2011.
In light of all this, the FireEye IPO may have its drawbacks. It's a quite great bet that Fireye will light up traders' wallets.
FireEye was founded by engineer Ashar Aziz back in 2004. FireEye has constructed a virtual machine-primarily based safety technique to fight back. For the most part, FireEye detects a threat in the early stages and takes care of it with little disruption to a company's network. Hold in mind that FireEye has invested heavily in creating a robust foundation for continued hyper-development.
And yes, the timing appears spot-on for a FireEye IPO. Browse here at fireeye going public to research the meaning behind it.