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Investors Unimpressed With FireEye's Acquisition Announcement

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Shares of FireEye Inc (NASDAQ: FEYE) were trading lower by more than 4 percent after Tuesday's market open despite the company's announcement that it has acquired Invotas International Corporation.

FireEye reported on Monday afternoon that it acquired Invotas, a provider of security automation and orchestration technology for an undisclosed amount.

FireEye noted that that it will leverage Invotas' Security Orchestrator technology to unify cyber attack detection results, threat intelligence and incident response elements of an organization's security program into a single console.

FireEye added that it now "takes the lead" in helping customers deal with the shortage of resources by automating the security process and building intelligence into their operations.

"The addition of Invotas' technology enables us to enhance our global threat management platform and advance ongoing efforts to provide our customers with a centralized method to manage alerts and intelligence and then automate actions based on FireEye-built playbooks or their own custom strategies," said David DeWalt, FireEye CEO and chairman of the board. "The ability to provide one efficient console for an organization's security program solidifies FireEye's role as a trusted advisor."

Posted-In: cyber security cyber security stocks David DeWalt FireEye InvotasM&A News Movers

 

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