FireEye files for $175M IPO so investors can cash in on cybersecurity craze

Gigaom

FireEye, an IT security vendor, has submitted an S-1 filing to the U.S. Securities and Exchange Commission, kicking off the process to raise as much as $175 million through a public offering.

The filing came Friday, getting lost in the news cycle amid lots of security-related news cropping up from the DEF CON and Black Hat events.

FireEye, founded in 2004 and based in Milpitas, Calif., makes software and hardware for spotting security threats in real time on the internet, email and file systems. The company’s Web Malware Protection System — boxes that can supplement firewalls in a network — is a popular product. Anonymized information on new threats that FireEye hardware detects gets sent up to the company’s cloud, so other systems can stay up to date.

Customers include D-Wave Systems, NetApp, (s ntap) Sallie Mae, University of California, Berkeley, and the U.S. Department of Defense.

In the…

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