FireEye to set up R&D facility in Bangalore

California-based cyber security firm FireEye plans to invest $50 million over the next 4-5 years in setting up an R&D facility at Bangalore for developing internet security products.

The India center would hire around 250 people, said Ashar Aziz, founder and CTO, FireEye.

The company also announced appointment of Sridhar Jayanthi as the Vice President (R&D) and Managing Director, India operations.

Prior to joining FireEye, Jayanthi was McAfee’s managing director and senior vice president (engineering). The FireEye platform has 1000-odd customer, spread over 40 countries, Aziz said.

Founded in 2004, key investors in FireEye include Norwest Venture Partners, Sequoia Capital, and Juniper Networks.