Mandiant, Inc.
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Mandiant, Inc. - overview
Established
2004
Location
Reston, VA, US
Primary Industry
IT Security/Cybersecurity
About
Based in Virginia, US, and founded in 2004 by Ashar Aziz, Mandiant, Inc. , formerly known as FireEye, Inc. , provides cybersecurity solutions to organizations. The company is chaired by Kevin Mandia as the CEO and Board Director.
Mandiant, Inc. operates through 19 offices across the Asia-Pacific, Europe, Middle-East, and Africa. The firm has contact sales in countries across North America, South America, Europe, the Middle East, Africa, Asia, and the Pacific. In 2014, FireEye, Inc.
acquired Mandiant Corporation for USD 1 billion. In October 2021, the company rebranded from FireEye, Inc. to Mandiant, Inc. , and its Nasdaq common stock ticker symbol has changed from FEYE to MNDT as a result of its decision to carve out its FireEye products business to Symphony Technology Group for USD 1.
2 billion which included the sale of the FireEye brand. As of 2021, the company employs over 3000 professionals such as threat researchers, malware analysts, intelligence analysts, and investigators. Mandiant, Inc. offers its multi-vendor cloud-based XDR platform that enhances existing security controls by providing an automated defense system, threat intelligence, security validation, and attack surface management solutions.
The company also provides consultation services regarding cyber defense operations topics including incident response, strategic readiness, and technical assurance. The company recorded revenue of USD 246 million in the first quarter of 2021. Following the carve-out of its products business to Symphony Technology Group, Mandiant, Inc. plans to focus on its security controls-agnostic solutions delivered through the Mandiant Advantage cloud-based platform.
Current Investors
Sequoia, Norwest Venture Partners, SVB Capital
Primary Industry
IT Security/Cybersecurity
Sub Industries
Consulting Services, IT Security/Cybersecurity, Systems Management Software, Monitoring & Security Software, Analytics & Performance Software
Website
www.mandiant.com
Verticals
Big Data, Cloud Computing
Company Stage
Acquired
Total Amount Raised
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Mandiant, Inc. - timeline of key events
Mandiant, Inc. - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,600,000 | 11,800,000 | 33,700,000 | 83,300,000 | 161,552,000 | 178,246,000 | 622,967,000 | 714,114,000 | 751,086,000 | 830,950,000 | - | - | - |
| % Revenue Growth (YoY) | - | 637.5% | 185.6% | 147.2% | 93.9% | 10.3% | 249.5% | 14.6% | 5.2% | 10.6% | - | - | - |
| EBITDA (USD) | (8,800,000) | (9,800,000) | (17,700,000) | (39,800,000) | (151,460,000) | (385,059,000) | (395,704,000) | (325,049,000) | (155,189,000) | (95,897,000) | - | - | - |
| Operating Income (USD) | - | - | (38,500,000) | (46,700,000) | (172,218,000) | (479,195,000) | (507,660,000) | (444,316,000) | (258,606,000) | (182,402,000) | - | - | - |
| Operating Margin | - | - | (114.2%) | (56.1%) | (106.6%) | (268.8%) | (81.5%) | (62.2%) | (34.4%) | (22.0%) | - | - | - |
| % EBITDA Margin | (550.0%) | (83.1%) | (52.5%) | (47.8%) | (93.8%) | (216.0%) | (63.5%) | (45.5%) | (20.7%) | (11.5%) | - | - | - |
| NET Income (USD) | (8,800,000) | (9,500,000) | (16,800,000) | (35,800,000) | (120,635,000) | (443,790,000) | (539,215,000) | (480,129,000) | (303,691,000) | (243,123,000) | - | - | - |
| % Net Margin | (550.0%) | (80.5%) | (49.9%) | (43.0%) | (74.7%) | (249.0%) | (86.6%) | (67.2%) | (40.4%) | (29.3%) | - | - | - |
Mandiant, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Mandiant, Inc. | - | ||||||||
| Trade Sale | Completed | Mandiant, Inc. | - | ||||||||
| Secondary Buyout | Completed | Mandiant, Inc. | - | ||||||||
| Add-on | Completed | FireEye Security Holdings US LLC | - | ||||||||
| PIPE | Completed | Mandiant, Inc. | - |
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Mandiant, Inc. - employee data
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