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1Fix the driver behind crashes, sound loss and screen glitches2Repair Windows errors before they cause bigger problems3Scan for outdated or missing drivers - takes under a minuteFireEye announced its acquisition of iSIGHT Partners on January 20, 2016, after the transaction had closed on January 14. The headline value was approximately $200 million in cash at closing, with up to another $75 million in cash and FireEye shares contingent on a threat-intelligence bookings target.
How much did FireEye pay for iSIGHT Partners?
The announced consideration was about $200 million in cash at closing plus a potential $75 million earnout. The earnout depended on iSIGHT-related threat-intelligence bookings reaching a specified target; it was not an unconditional additional payment. FireEye’s January 2016 Form 8-K described the potential earnout as approximately $41.3 million in cash and about 1.79 million FireEye shares if the target was achieved.
Those announcement figures differ from the amounts subsequently recorded for accounting purposes. FireEye’s 2016 filing reported $192.8 million in upfront cash consideration, a $39.1 million contingent liability and 1,793,305 shares with an estimated fair value of $29.9 million. The filing’s recorded liability and estimated share value are accounting measurements, not a simple restatement of the announced maximum earnout.
When did the acquisition close?
The acquisition closed on January 14, 2016, six days before FireEye announced it publicly on January 20. The closing date is identified in the company’s Form 8-K.
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Why did FireEye buy iSIGHT Partners?
FireEye said the deal would combine its own and Mandiant’s intelligence based on observed victim activity with iSIGHT’s attacker-focused intelligence and longer-range threat insights. The company’s stated goal was to give customers more context to assess alerts, prioritize threats, and prepare for activity targeting their industry or region. FireEye also said it planned to develop intelligence subscriptions tailored to industry verticals.
At the announcement, FireEye chairman and CEO David DeWalt described the rationale as “fusing victim-based intelligence with attacker-based, over-the-horizon insights derived from iSIGHT’s global cyber-threat ecosystem.” This was the strategic case FireEye made for combining the businesses, rather than a guarantee of specific customer outcomes.
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How large was iSIGHT at the time?
FireEye’s January 20, 2016 investor presentation described iSIGHT’s operating scale and reported financials as follows:
| Measure | Figure reported by FireEye |
|---|---|
| Employees and geographic reach | Approximately 350 employees in 17 countries |
| Government clients | More than 250 |
| Commercial clients | More than 90 |
| 2015 billings | About $50 million |
| 2015 revenue | About $40 million |
These are figures FireEye presented in its January 20, 2016 transaction presentation; they describe iSIGHT around the announcement, not its later performance under FireEye.
What did iSIGHT contribute after closing?
FireEye’s later annual filing said iSIGHT’s operations were included from the acquisition date and contributed $9.4 million in revenue and $2.3 million in net loss during the three months ended March 31, 2016. Those are the reported contribution for that quarter, not a full-year result or a standalone forecast.
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