The Email Laundry acquisition
FireEye (FEYE) aims to enhance its email security service with the acquisition of privately held email security company The Email Laundry, which it bought last October for ~$8.7 million. The transaction was partly made in cash and common stock.
The Email Laundry’s security platform helps customers discover malicious sources before they attack their network through its threat intelligence, advanced predictive analytics, and impersonation detection technology, thereby protecting employees’ email.
As phishing attacks are growing, the email security market remains important for FireEye. Its acquisition of The Email Laundry is a perfect fit as it plans to enhance its email security portfolio.
Aiming for Layer 1 capabilities
The graph above shows FireEye’s annual revenue growth over the last five years. Enhancing its email security product may further support top-line growth for the company.
As FireEye lacks a complete email gateway solution, its acquisition of The Email Laundry has helped the company move closer toward Layer 1 capacities, specifically antivirus, antispam, and CEO impersonation prevention techniques. The intelligence-based cybersecurity provider believes that by the end of this year, it will be in a position to compete in the Layer 1 space, closing its gap with Proofpoint (PFPT) and Mimecast (MIME). The company’s email security technology may also benefit from its Helix security platform, which combines security tools to offer threat intelligence, automation, and case management, helping enterprises manage threats.