Cybersecurity Stock Alert: FireEye (Nasdaq:FEYE), Expands Security Platform: Offers Customers One Solution to Detect, Contain, Resolve and Prevent Threats
MVX-Based Security Platform to Include New Capabilities for Intrusion Prevention, Endpoint Protection, Analytics and Managed Service
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MILPITAS, Calif. - February 11, 2014 (www.investorideas.com newswire) FireEye, Inc. (Nasdaq:FEYE), the leader in stopping today's advanced cyber attacks, today announced an expanded FireEye® Security Platform that is designed to give customers one solution to go from threat alert to remediation. The newly enhanced platform incorporates endpoint protection and managed security services from recently acquired Mandiant, as well as new analytics and intrusion prevention capabilities. Attendees at the 2014 RSA Conference in San Francisco will be able to view demonstrations of the new platform at the FireEye booth on February 24 - 27, 2014. The new products and services are expected to be generally available during the first half of 2014.
The FireEye Security Platform is powered by FireEye's proprietary MVX technology and FireEye Dynamic Threat Intelligence™. The new capabilities include:
Intrusion Prevention System
The new intrusion prevention system will address the shortcoming of traditional IPS solutions by applying FireEye's Multi-Vector Virtual Execution™ (MVX) technology to validate attacks and minimize the time and resources security teams spend investigating false alerts. Users get actionable insight from validated alerts so they can focus on alerts that present the greatest risk and accelerate incident response. By adding intrusion prevention capabilities to the FireEye Security Platform, organizations can get a more comprehensive view of an advanced attack.
Endpoint Threat Detection & Response
The FireEye Security Platform now incorporates Mandiant's endpoint threat detection and response products (formerly sold as Mandiant for Security Operations). FireEye customers will now be able to confirm when network and email alerts result in compromise, make faster and more accurate decisions about incidents and contain impacted devices with a single click, even when they are outside of an organization's network.
New threat analytics capabilities will allow security teams to apply FireEye's threat intelligence to security event data generated from their existing security infrastructure so they can find and scope attacks as they are unfolding. This cloud-based solution is designed to perform real-time correlation of event logs against FireEye's threat intelligence to identify when attackers are active in your environment. The system delivers prioritized alerts to help accelerate incident response as well as manages incidents to improve efficiencies in assigning, tracking and resolving events.
Managed Defense™ Subscription Services
New subscription services build on FireEye's continuous monitoring subscription service by offering additional expertise from Mandiant's Managed Defense service. Organizations will now be able to choose from an expanded menu of monitoring and protection services and draw on FireEye security analysts to actively hunt for adversaries to find and stop attacks as they begin to unfold.
The expanded FireEye Security Platform was introduced to partners last week at FireEye's annual Momentum conference in Las Vegas.
"FireEye is enabling us to address new layers of security infrastructure with the advanced technology that made their core products so effective," said Brandy Peterson, CTO, FishNet Security. "The new platform will allow us to approach our customers with the right mix of new technology, updates for outdated products and services to help protect them from today's advanced attacks."
More information on the new products will be available in the coming weeks and at the 2014 RSA Conference on February 24-28, 2014 in San Francisco, CA.
About FireEye, Inc.
FireEye has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks. These highly sophisticated cyber attacks easily circumvent traditional signature-based defenses, such as next-generation firewalls, IPS, anti-virus, and gateways. The FireEye Threat Prevention Platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors and across the different stages of an attack life cycle. The core of the FireEye platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyber attacks in real time. FireEye has over 1,500 customers across more than 40 countries, including over 100 of the Fortune 500.
This press release contains forward-looking statements, including statements related to general availability, expected capabilities and expected benefits of the new products and services included in the FireEye Security Platform and demonstration of the new products at the 2014 RSA Conference in San Francisco. These forward-looking statements involve risks and uncertainties, as well as assumptions which, if they do not fully materialize or prove incorrect, could cause FireEye's results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include FireEye's limited operating history and limited experience with developing and releasing new products and services; real or perceived defects, errors or vulnerabilities in the FireEye platform; rapidly evolving technological developments in a market that is characterized by rapid changes in technology, customer requirements, industry standards, and frequent new product introductions and improvements; and general market, political, economic, and business conditions; as well as those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in FireEye's Form S-1 filed with the Securities and Exchange Commission on February 3, 2014, which is available on the Investor Relations section of the company's website at investors.FireEye.com and on the SEC website at www.sec.gov. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and FireEye does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. Any future product, feature or related specification that may be referenced in this release are for information purposes only and are not commitments to deliver any technology or enhancement. FireEye reserves the right to modify future product or service plans at any time.
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