FireEye buys iSight Partners for $200 million
Cybersecurity vendor FireEye has acquired iSight Partners for $200 million.
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Based in Dallas, iSight offers a subscription threat intelligence service for enterprises. The firm employs a team of security experts across 17 countries to search for evidence of online threats and cybercrime.
Last year iSight clocked $50 million in billings for its service and gained some notoriety for uncovering cyber campaigns in Iran and Russia.
FireEye is hoping iSight can fill in some gaps in its portfolio of digital defenses. After struggling in the bookings department for several quarters, FireEye has started to move beyond a one-size-fits-all approach to enterprise security and toward more specialized security offerings.
FireEye said it plans to add new subscription models within industry specific verticals -- similar to FireEye's planned offering with Visa -- in an effort to appeal to organizations looking for products tailored to a specific threat profile.
The acquisition closed on January 14. FireEye made the deal with the $1.2 billion in cash on its balance sheet. In preliminary results, FireEye said it expects fourth-quarter revenue to be in line with the previously guided to range of $184 million to $185 million.
As for iSight, the firm is set to make another $75 million on the sale if certain targets are met over the next two years.