Courtesy of Benzinga.
When asked about the Dealreporter rumor that both International Business Machines Corp. (NYSE: IBM) and Oracle Corporation (NYSE: ORCL) are interested in FireEye Inc (NASDAQ: FEYE), FBR Capital Markets Senior Analyst Daniel Ives told Benzinga he expects a lot more consolidation in the sector over the next year.
He said that FireEye, among other cyber-security companies, remains attractive as potential acquisition targets.
Traditional technology companies like IBM, Oracle, SAP and others are having trouble accelerating growth, Ives explained, so they need “more fuel in the engine” in areas like cybersecurity and big data.
“I think we’re kind of going into a massive potential phase of consolidation just within a lot of these spaces as these large, traditional tech stalwarts look for growth,” he said.
On the subject about whether or not FireEye would want to be sold, Ives pointed out that CEO David DeWalt has sold other companies of his, including McAfee and Documentum.
Posted-In: Cybersecurity Daniel Ives FBR Capital MarketsAnalyst Color News M&A Exclusives Tech
