Mandiant’s business performance in the last few years
FireEye’s (FEYE) Mandiant consulting business has seen strong growth, reaching record highs in terms of rate per hour and chargeable metrics. Mandiant’s growing popularity has extended its reach from domestic to international. To strengthen the international base for the business in the last few years, FireEye has invested heavily in the Asia-Pacific and EMEA (Europe, the Middle East, and Africa) regions, winning it several contracts.
FireEye anticipates strong growth in its Mandiant business in future quarters, buoyed by its solid order backlog. The graph above shows FireEye’s billing trends over the last five quarters, during which it has grown at a compound annual rate of 4.8%.
The Mandiant acquisition’s benefits
FireEye bought Mandiant at the end of December 2013, gaining access to its advanced endpoint security products. Mandiant, which offers expert security consulting, incident response, and managed security services, has deployed more than two million endpoints around the world, and one-third of its customers are Fortune 100 companies. The acquisition has helped FireEye compete with large players such as Palo Alto Networks (PANW) and Microsoft (MSFT).