FireEye Closes $400 Million Strategic Investment Led by Blackstone
FireEye, Inc. (NASDAQ: FEYE) has announced the completion of a $400 million strategic investment led by Blackstone Tactical Opportunities, with ClearSky as a co-investor. This investment includes the purchase of 400,000 shares of a newly designated 4.5% Series A Convertible Preferred Stock. Blackstone's Viral Patel and former RSA CEO Art Coviello have joined FireEye's Board of Directors. The Series A Preferred shares will convert into common stock at a price of $17.25 per share, which may impact future stock prices.
- Completed a significant $400 million investment from Blackstone and ClearSky.
- New board members bring valuable industry experience and strategic insight.
- None.
MILPITAS, Calif.--(BUSINESS WIRE)--FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced that the
FireEye also announced that Viral Patel, a Senior Managing Director of Blackstone, and Art Coviello, former chief executive officer of RSA Security, have been appointed to the FireEye Board of Directors, effective immediately.
Viral Patel, a Senior Managing Director of Blackstone said, "We have confidence in FireEye's long-term strategic vision and its world-class set of cyber security products and services. As a member of the Board of Directors, I look forward to partnering with management and my fellow board members to help drive the company’s future growth and build shareholder value.”
Art Coviello, former chief executive officer of RSA Security said, “FireEye and Mandiant are widely recognized for their threat intelligence and security expertise, and I am delighted to join the board. I look forward to working with Kevin and the FireEye leadership team to help them realize their vision of intelligence-driven security solutions for organizations of all sizes.”
“I am excited to welcome Viral and Art to FireEye as members of our Board of Directors,” said Kevin Mandia, FireEye chief executive officer. “Each brings a unique perspective on the dynamics of successful strategy and execution, and we look forward to their contributions as we pursue our transformation strategy and growth opportunities.”
Under the revised terms of their investment, Blackstone and ClearSky purchased 400,000 shares of FireEye’s newly designated
The securities offered in the private placement transaction have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein.
About Blackstone
Blackstone is one of the world’s leading investment firms. Blackstone seeks to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s
About ClearSky
ClearSky is a venture capital and growth equity firm that has been operating since 2012 with offices across the United States. ClearSky invests in companies that offer transformative security solutions with a specific focus on cybersecurity, critical infrastructure security, privacy, data governance and compliance. The firm’s world-class dedicated security team has a proven track record with decades of security investing and practitioner experience. ClearSky also has a highly distinguished advisory board consisting of diverse business leaders and a Fortune 500 Chief Information Security Officer Board of Advisors that is unmatched in the industry.
About FireEye, Inc.
FireEye is the intelligence-led security company. Working as a seamless, scalable extension of customer security operations, FireEye offers a single platform that blends innovative security technologies, nation-state grade threat intelligence, and world-renowned Mandiant® consulting. With this approach, FireEye eliminates the complexity and burden of cyber security for organizations struggling to prepare for, prevent, and respond to cyber attacks. FireEye has over 9,600 customers across 103 countries, including more than 50 percent of the Forbes Global 2000.
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