Security & Fraud

FireEye Bulks Up With Another Acquisition

Invotas International Corp. has a new owner just a few months after being spun off from CSG Systems International Inc. late last year.

The Alexandria, VA-based firm was launched in 2014 and specializes in security automation and orchestration. It currently employs 19 people.

The terms of the deal have not been fully disclosed yet. FireEye has noted that it intends to leverage the Invotas Security Orchestrator to aid organizations' efforts to “unify cyberattack detection results, threat intelligence and incident response elements” into a single console and respond more quickly to attacks.

This is FireEye's second big acquisition of 2016. A little over a week ago, the firm announced its intention to purchase iSIGHT Partners Inc. ISIGHT is a very specialized security outfit out of Dallas that hires intelligence agents abroad to try to spot cyberattacks before they happen. The sale price was $200 million.

A little over a year ago, FireEye paid around $1 billion for Mandiant Corp., which investigates attacks after they happen and ousts hackers from clients’ systems.

FireEye’s recent acquisition furor comes in the context of weakened share prices, pulled down by weaker-than-expected growth in the third quarter.

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