Business
5:55 am
Fri January 3, 2014

Cybersecurity Merger Ups FireEye's Stock Price

Originally published on Fri January 3, 2014 6:51 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with securing cyberspace.

(SOUNDBITE OF MUSIC)

GREENE: All right, we're talking about a $1 billion deal here. The cybersecurity company FireEye has bought Mandiant. Mandiant gained some fame last year. They exposed a secretive branch of the Chinese military that was hacking into the computer networks of over 100 multinational companies.

These two companies appear to be a good marriage. FireEye detects and prevents cyber threats. Mandiant's main expertise is stepping in and plugging the hole when there is a security breach.

The merger brought a big jump in FireEye's stock price in trading yesterday. Transcript provided by NPR, Copyright NPR.