FireEye to acquire big data start-up X15 Software for $20m
FireEye is acquiring US big data and machine learning start-up X15 Software, and the company plans to add those capabilities into its security tools, reports Security Now (FinTech Futures’ sister publication).
FireEye will pay $20 million for X15 Software, which includes $15 million in equity and $5 million in cash.
As FireEye plans to integrate X15 Software’s big data platform into its own security tools, the company is looking to address issues confronting security pros. Essentially, with so many security threats targeting the enterprise network every day, security firms are turning to other tools, including big data, machine learning and artificial intelligence (AI), to sort through the traffic and find what’s an actual threat and what’s not.
At the same time, enterprises need better management tools to oversee various security tools used to monitor the network.
“Organisations 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,” John Laliberte, a senior vice-president of engineering at FireEye, says.
“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,” Laliberte adds. “X15 Software technology will accelerate our strategy of delivering an innovative, next-gen security platform.”
Specifically, X15 Software’s machine learning tools are able to collect, index, store and correlate data and present results in real time to allow security pros to make more informed decisions and deploy resources where needed.
In addition, the growing reliance on the cloud is making some businesses rethink their security strategy. While the biggest public cloud providers offer security tools, a recent study found that cloud security is ultimately the responsibility of the end-user customer.
In the case of X15, the company works with Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform and Oracle Cloud Infrastructure.
X15 has about 20 employees and FireEye plans to bring them into their engineering department.