Security Company FireEye Files for IPO - 0 views
started by Childers Bruus on 30 Aug 13
started by Childers Bruus on 30 Aug 13
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FireEye was started by artist Ashar Aziz back in 2004. His history in the safety niche served him spot a concern in the space: Signature-based methods may sooner or later be pointless. One big reason is that the emergence of modern technologies like social network, the cloud, virtualization and smartphones enables many new access points for viruses and malware.
Furthermore, the thieves are not only simple hackers, they are often criminal organizations and even nation states!!
According to FireEye's S-1:.
' [The] highly-sophisticated cyber attacks regularly bypass old-fashioned signature-based defenses by releasing powerful, stealthy and precise malware that permeates defenses in multiple phases and through multiple access points of an IT network.' . It's scary stuff. FireEye has built a digital machine-based security system to react. It works in real-time and uses next-generation technologies and higher level heuristic methods. For the most part, FireEye detects a threat in the first stages and manages it with little disruption into a company's network. In reality, the software could be deployed within only a few hours.
FireEye has has purchased several clients, which now aggregate over 1,000, as should be no surprise. They include over 125 of the Fortune 500 and span across more than 40 countries.
From 2010 to 2012, income increased from $11.8 million to $83.3 million. Throughout that time, nevertheless, the losses climbed from $9.5 million to $35.8 million. But bear in mind that FireEye has dedicated heavily in developing a strong groundwork for ongoing hyper-growth.
The firm also has a tiptop executive staff. In November 2012, it retained the services of David DeWalt as Ceo. Do not forget that, in 2007, he light emitting diode a turnabout of McAfee and then sold the business to Intel in 2011 for $7.7 billion. Before this, he served as a government at EMC and Documentum. To discover more, please consider peeping at: fireeye ipo price.
And yes, the timing looks spot-on for a FireEye IPO. Just a few months ago, Cisco agreed to fork out over $2 million for protection operator Sourcefire. Because of this, the deal has induced whisper that other super tech businesses, like IBM, Microsoft and Oracle, will ramp-up their M&A too. To explore more, people should have a gander at: fireeye ipo filing.
What is more, protection IPOs also have performed well. One of many standouts is Imperva, which is up almost 200 since its giving in 2011. Discover further on a related encyclopedia - Visit this hyperlink: fireeye going public.
In light of all this, the FireEye IPO could have its faults. It is a pretty good chance that Fireye can illuminate dealers' wallets.
FireEye was established by engineer Ashar Aziz in 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 protects it with little disruption into a company's network. Keep in mind that FireEye has invested heavily in developing a strong base for continued hyper-growth.
And yes, the timing looks spot-on to get a FireEye IPO.