FireEye Inc (FEYE) is acquiring nPulse for $70 million
FireEye Inc (NASDAQ:FEYE), an Internet security company that went public last year, has acquired nPulse Technologies for $70 million in cash and stock. nPulse builds products that are used in network forensics. If a company has been hacked, nPulse can find out how it happened.
FireEye is funding the deal with $60 million in cash and $10 million worth of shares. This is FireEye’s second acquisition this year after buying Mandiant for $1 billion in January.
nPulse raised around $3 million in funding prior to the acquisition. This means that nPulse’s investors got a HUGE return.
FireEye also reported its Q1 results. The company lost 53 cents a share on a non-GAAP basis on revenue of $74 million. This is a smaller loss than the 73 cents that analysts were expecting.
FireEye’s shares fell $3.10 (7.71%) at the close.