Operator
Ladies and gentlemen, thank you for standing by, and welcome to the FireEye s Q1 2021 financial results conference call. [Operator instructions] Please be advised that today s conference may be recorded. [Operator instructions] I would now like to hand the conference over to your speaker today, Kate Patterson, investor relations for FireEye.
Kate Patterson
Investor Relations
Thank you. Good afternoon, and thanks to everyone on the call for joining us today to discuss FireEye s financial results for the first quarter of 2021. This call is being broadcast live over the Internet and can be accessed on the Investor Relations section of FireEye s website at investors.fireeye.com. With me on today s call are Kevin Mandia, FireEye s chief executive officer; and Frank Verdecanna, executive vice president, chief financial officer, and chief accounting officer of FireEye.
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FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced the expansion of its Mandiant Advantage SaaS platform now equipped with a powerful, multi-vendor XDR capability and introduced its newest module – Mandiant Automated Defense. Mandiant Automated Defense is the latest module available in the Mandiant Advantage platform, joining the Mandiant Threat Intelligence and Mandiant Security Validation modules.
Organizations struggle to consistently, quickly, and accurately assess and investigate the multitude of alerts received by their security operations centers (SOC) daily. In February 2021 alone, Mandiant Automated Defense reduced more than 52 billion customer alerts down to less than 700 prioritized investigations. Formerly Respond Software’s virtual analyst product, Mandiant Automated Defense dramatically increases Mandiant’s ability to scale its unique expertise and inte
Organisations faced a number of unforeseen challenges in nearly every business sector throughout 2020 – and continuing into 2021. Until now, businesses have been on the defensive, reacting to the shifting workforce and economic conditions, however, COVID-19 proved to be a catalyst for some to accelerate their long-term technology and digitalisation plans.
This is now giving decision-makers the chance to take a proactive approach to mitigate current and post-pandemic risks. These long-term technology solutions can be used for today’s new world of social distancing and face mask policies and flexibly repurposed for tomorrow’s renewed focus on efficiency and business optimisation.
For many, this emphasis on optimisation will likely be precipitated by not only the resulting economic impacts of the pandemic but also the growing sophistication and maturity of technologies such as Artificial Intelligence (AI) and Machine Learning (ML), technologies that are coming of age just when
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