FireEye Buys X15 Software for $15M
January 12, 2018
FireEye has acquired privately held X15 Software and its innovative next generation big data platform. The acquisition, which closed on January 11, 2018, will add significant data management capabilities and provide customers with an open platform for integrating machine-generated data that can easily incorporate new security technologies and big data sources to adapt to the evolving threat environment.
“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,” said John Laliberte, senior vice president of engineering at FireEye. “The X15 Software team built an incredibly versatile, enterprise-grade big data platform that enables distributed, real-time access and ingestion of data at scale within a unified data model and modular query language. X15 Software technology will accelerate our strategy of delivering an innovative, next-gen security platform.”
The integration of X15 Software’s technology will enhance the ability of FireEye to collect and deliver the data organizations need to protect their most valuable assets, providing:
Big Data Management Capabilities -- X15 Software technology solves the complex problem of collecting, querying and analyzing large volumes of machine-generated data in real-time. X15 Software technology is built with the flexibility to ingest data sources at scale, allowing organizations to capture new data as their infrastructure evolves.
One Management Console for Cloud, On-Premise and Hybrid Environments -- As organizations expand their usage of different cloud platforms, X15 Software technology will provide the flexibility to manage security data from on-premise, hybrid and cloud environments, including: AWS Microsoft Azure, Google Cloud Platform and Oracle Cloud.
A Platform for Innovation -- As the security landscape changes, organizations need a flexible security operations platform that can match the evolving capabilities of the adversaries. X15 Software technology will accelerate the capabilities of FireEye platform to better enable organizations to leverage security data to make expert decisions and keep pace with the threats against them.
“We founded X15 Software to help organizations get more value out of the massive data they were generating on a daily basis, and very quickly we saw how impactful our technology could be in the security space,” said Val Rayzman, CEO of X15 Software prior to the acquisition. “By coming together with FireEye, we can help build a security platform that uses big data, threat intelligence and analytics to keep customers secure.”
X15 Software was founded in 2013 and currently employs approximately 20 employees. The X15 teams are located in California and India and will bring their big data management experience to the FireEye engineering teams in their respective locations.
Financial Terms of the Transaction
Under the terms of the acquisition agreement, FireEye will pay approximately $15 million in equity and $5 million in cash.