Home Just In Google to Acquire Mandiant for $5.4 billion

Google to Acquire Mandiant for $5.4 billion

by CIO AXIS

Cybersecurity firm Mandiant has announced that it has entered into a definitive agreement to be acquired by Google for approximately $5.4 billion.

Upon the close of the acquisition, Mandiant will join Google Cloud. The acquisition is expected to close later this year.

The acquisition of Mandiant will complement Google Cloud’s existing strengths in security.

Together with Mandiant, Google Cloud will deliver an end-to-end security operations suite with even greater capabilities as well as advisory services helping customers address critical security challenges and stay protected at every stage of the security lifecycle.

Acquired by cyber security group FireEye in 2013, Mandiant became a standalone publicly traded company again last year when it sold its FireEye product line and the FireEye name to private equity firm Symphony Technology Group for $1.2 billion.

“Cyber security is a mission, and we believe it’s one of the most important of our generation. Google Cloud shares our mission-driven culture to bring security to every organization,” said Kevin Mandia, CEO, Mandiant. “Together, we will deliver our expertise and intelligence at scale via the Mandiant Advantage SaaS platform, as part of the Google Cloud security portfolio. These efforts will help organizations to effectively, efficiently and continuously manage and configure their complex mix of security products.”

“The Mandiant brand is synonymous with unmatched insights for organizations seeking to keep themselves secure in a constantly changing environment,” said Thomas Kurian, CEO, Google Cloud. “This is an opportunity to deliver an end-to-end security operations suite and extend one of the best consulting organizations in the world. Together we can make a profound impact in securing the cloud, accelerating the adoption of cloud computing, and ultimately make the world safer.”

 

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