FireEye Buys X15 Software For $20M To Better Monitor, Analyze Machine-Generated Security Data
FireEye has purchased 20-person big data platform provider X15 Software to add data management capabilities and provide a platform for integrating machine-generated data.
The Milpitas, Calif.-based security vendor said its acquisition of Sunnyvale, Calif.-based X15 will enhance FireEye's ability to collect and deliver the data organizations need to protect their most valuable assets. X15's open platform can easily incorporate new security technologies and big data sources to adapt to the evolving threat environment, according to FireEye.
"Organizations today are overwhelmed by alerts, the number of tools required to manage their security operations, and the challenge of unifying access to the large volumes of data that matter," John Laliberte, FireEye's senior vice president of engineering, said in a statement.
The acquisition closed Thursday, with FireEye paying $15 million in equity and $5 million in cash for X15. ­­FireEye's stock is up $0.31 (2.05%) to $15.45 in pre-market trading Friday, and the company didn't immediately respond to a request for additional comment.
Laliberte praised X15's big data platform for enabling ingestion of data at scale within a unified data model and modular query language. The company's versatile, enterprise-grade big data platform enables distributed, real-time access, according to Laliberte.
Joining FireEye and X15 will help with building out a platform that uses big data, threat intelligence and analytics to keep customers secure, according to Val Rayzman, X15's CEO.
"We founded X15 Software to help organizations get more value out of the massive data they were generating on a daily basis, and we very quickly saw how impactful our technology could be in the security space," Rayzman said.
X15's 20 employees in California and India will continue working with FireEye from their respective locations, according to the company. Rayzman founded the company in 2013.
X15's technology helps with collecting, querying and analyzing large volumes of machine-generated data in real time, according to FireEye. The company's platform was built with the flexibility to ingest data sources at scale, allowing organizations to capture new data as their infrastructure evolves.
Security data from Amazon Web Services, Microsoft Azure, Google Cloud Platform and Oracle Cloud can all be managed from a single X15 console, according to the company. X15 also facilitates the management of security data from on-premises and hybrid environments in a straightforward manner, FireEye said.
X15 also will accelerate the capabilities of FireEye's platform to better enable businesses to leverage security data to make decisions and keep pace with the threats against them. FireEye said organizations increasingly need a flexible security operations platform that can match the evolving capabilities of their adversaries.
This is FireEye's first acquisition since February 2016, when the company purchased Invotas to boost its incident response capabilities. One month earlier, FireEye spent $200 million to buy 350-employee iSight Partners to bolster its cyberthreat intelligence skill set.
In its most recent quarter, FireEye's sales climbed to $189.6 million, up 1.7 percent from $186.4 million the year prior. The company also recorded a loss of $72.9 million, or $0.41 per share, improved from a loss of $123.4 million, or $0.75 per share, the year before.