FireEye Inc (NASDAQ:FEYE) has reached a deal with Hewlett-Packard to provide its threat detection system, along with its incident response services to its customers. The two companies aim to provide a state of the art security system to its customers. Both companies are now working to develop a comprehensive infrastructure to provide the customers with an outline of future threat detection systems.
FireEye has been a lot in the news lately for revealing details about the decade long cyber attacks. The company revealed that the hackers are being backed by the Chinese government to conduct cyber espionage over the internet. The group, named APT30, is said to have been stealing classified information from governments and corporations in Southeast Asia. APT30 is thought to have gained access to air gap networks, which are not connected to the internet.
FireEye is also the provider of next generation security systems. With cyber crimes, like the ones mentioned above, the demand for the company’s solutions is on the rise. The FY2014 saw the company report a revenue growth of 163% and a further 40% increase is expected this year. The company, however, has been having a hard time selling its innovative ideas to the consumers. With the costs of maintaining the company and the real time threat detection system, it so heavily relies on; the company needed a deal like this to help keep it aloft.
Additionally, other companies are also trying hard to match the security system FireEye has to offer. This makes it all the more necessary for the company to obtain deals like this before competition surges. Presently, HP and FireEye are all set to hit the market with a complete investigation and threat response system. The two companies are targeting threats at single system levels to that of complete platforms.
FireEye Inc (NASDAQ:FEYE) closed at $43.49, gaining 2.49% on April 21. The company has 155.67 million shares being traded in the market at a 52-week range of $24.81-$51.87.