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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.
FireEye, Inc. (NASDAQ: FEYE) announced the acquisition of Respond Software, enhancing its cyber investigation capabilities through automation with the Respond Analyst. Valued at approximately $186 million, this acquisition aims to bolster FireEye's eXtended Detection and Response (XDR) offerings within the Mandiant Advantage platform. The integration of Respond's technology is expected to improve incident response times and lower operational costs for customers. The deal closed on November 18, 2020, and FireEye also secured a $400 million investment led by Blackstone.
FireEye (NASDAQ: FEYE) has announced a $400 million strategic investment led by Blackstone Tactical Opportunities. The investment will support FireEye's goal to develop a premier intelligence-led cybersecurity platform. Blackstone, alongside ClearSky, will acquire shares of a new Series A Convertible Preferred Stock, convertible into FireEye common stock at $18.00 per share. The funds will also facilitate the acquisition of Respond Software, enhancing FireEye's cloud and managed services portfolio. Viral Patel from Blackstone will join FireEye's Board of Directors after closing the transaction.
FireEye, Inc. (NASDAQ: FEYE) has announced its participation in two upcoming virtual investor conferences. The first is the UBS Global TMT Virtual Conference on December 8, 2020, at 11:10 a.m. PT, followed by the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 11:00 a.m. PT. Both presentations will be webcast, and links are available on the company's investor relations website. As a leader in intelligence-led security, FireEye serves over 9,600 customers globally, including more than half of the Forbes Global 2000.
FireEye reported record revenue of $238 million for Q3 2020, a 6% increase from $226 million in Q3 2019. The company also achieved a non-GAAP operating income of $28 million, with an operating margin of 12%, up from 2% year-over-year. Operating cash flow improved to $33 million compared to $18 million last year. Annualized recurring revenue also rose by 6% to $612 million. Despite these accomplishments, FireEye noted a GAAP net loss per share of $(0.17), although non-GAAP net income per share increased to $0.11, reflecting strategic growth in its Mandiant Solutions.
FireEye, Inc. (NASDAQ: FEYE) has been awarded the "Overall Infrastructure Security Solution Provider of the Year" at the 2020 CyberSecurity Breakthrough Awards for its Mandiant Security Validation offering. This platform empowers organizations to enhance security effectiveness by continuously validating security controls against real attack scenarios. The award recognizes company's innovation in providing evidence-driven solutions that help security leaders optimize cybersecurity investments. The CyberSecurity Breakthrough program received over 3,750 nominations globally.
FireEye (NASDAQ: FEYE) announced the launch of Mandiant® Advantage: Threat Intelligence, its first SaaS-based offering that integrates threat data from cyber incident responses with user-friendly management tools. This platform enhances accessibility to real-time threat insights for organizations of all sizes, backed by Mandiant's extensive experience with over 300 analysts and substantial breach response hours. Upcoming features include new subscription pricing and additional services designed to support security teams amidst evolving cyber threats.
FireEye, Inc. (NASDAQ: FEYE) has announced the release of its third quarter 2020 financial results on October 27, 2020, after the U.S. market close. A conference call is scheduled for the same day at 5 p.m. EDT to discuss these results. Interested parties can access the call by dialing the provided numbers or through a live audio webcast available on FireEye's Investor Relations website. The announcement highlights FireEye's focus on providing innovative security technologies and threat intelligence to its customers worldwide.
FireEye, Inc. (NASDAQ: FEYE) has recognized Dan Satinoff for his contributions to the IT channel, earning a spot on CRN's "100 People You Don't Know But Should" list for 2020. Satinoff oversees public sector channel sales, focusing on partner enablement and profitability during COVID-19. He has launched partner care packs and the Fuel Up with FireEye quarterly event to support partners. His efforts have included the FireEye Channel Champion awards, acknowledging high-performing account managers. FireEye has over 9,300 customers across 103 countries, serving a significant portion of the Forbes Global 2000.
