Google to Buy Cybersecurity Firm Mandiant for $5.4 Billion
Updated · Mar 09, 2022
If the deal goes through, it will be Google’s biggest buy since it purchased Motorola Mobility in 2012.
Second-Largest Google Acquisition
Google has announced that it has signed an agreement to buy security intelligence company Mandiant for $5.4 billion. The all-cash transaction translates to $23.00 per share and includes Mandiant’s net cash.
“The acquisition of Mandiant will complement Google Cloud’s existing strengths in security,” the company said in a statement. “As a recognized leader in strategic security advisory and incident response services, Mandiant brings real-life and in-depth threat intelligence gained on the frontlines of cybersecurity with the largest organizations in the world.”
Mandiant will join Google Cloud upon completion of the deal. The tech giant aims to combine its new acquisition with its Cloud’s cloud-native security offerings. Mandiant will play a vital role in:
- Advisory Services
- Threat Detection and Intelligence
- Automation and Response tools
- Testing and Validation
- Managed Defense
The cybersecurity market is experiencing increasing growth, underlined by the surge in the demand for security software. According to Reuters, it is fueled by such factors as the shift to remote work and the buffeting of Ukraine by cyberattacks following Russia’s invasion.
Based in Reston, Virginia, Mandiant is a cybersecurity firm that launched in 2004. It rose to prominence as a leader in incident response and strategic security advisory, gaining a reputation for investigating high-profile hackers. In 2013, FireEye bought the company for $1 billion, making Mandiant a subsidiary until it sold its product business in 2021.
With more than 600 consultants and 300 research analysts, the company responds to thousands of security breaches every year.
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
Latest from Author
Your email address will not be published.