Google confirmed that they are acquiring cyber security firm Mandiant, which will complement Google Cloud’s existing strengths in security.
As per the agreement the deal will be completed for $23 per share, in an all-cash transaction valued at approximately $5.4 billion.
With the addition of Mandiant, Google aims to enhance its offerings to deliver end-to-end security operations with even greater capabilities to support customers across their cloud and on-premise environments.
Google stated that Mandiant brings real-time and in-depth threat intelligence gained on the frontlines of cyber security with the largest organizations in the world. It will help enterprises stay protected at every stage of the security lifecycle.
This will be done through Mandiant’s advisory services, threat detection and intelligence, automation and response tools, testing and validation, and managed defence.
Thomas Kurian, CEO at Google Cloud said that organizations around the world are facing unprecedented cybersecurity challenges as the sophistication and severity of attacks that were previously used to target major governments are now being used to target companies in every industry.
Google Cloud added that it’s deeply committed to supporting the technology partners of both companies, including the endpoint ecosystem. The acquisition will enable system integrators, resellers, and managed security providers to offer broader products to customers, it said.
The acquisition is subject to customary closing conditions, including the receipt of Mandiant stockholder and regulatory approvals, and is expected to close later this year.
Kevin Mandia, CEO at Mandiant stated that since its establishment in 2004, Mandiant’s mission has been to combat cyber attacks and protect its customers from the latest threats. He added that they are thrilled to be joining forces with Google Cloud. Together, they aim to deliver expertise and intelligence at scale, changing the security industry.
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