Google is buying Mandiant for $5.4 billion (€4.9bn) to strengthen its Google Cloud cybersecurity offering. The price is a 57 per cent premium on Mandiant’s share price before media reports of a potential bid emerged.

Mandiant is expected to provide enhanced services to support customers on premises and in the cloud. It’s known for detecting a number of large-scale cyber-attacks, discovered through its work as a strategic security advisor and provider of incident response services.

Mandiant will expand Google Cloud’s range of automated security tools. With its Automated Defence helping customers analyse, prioritise and streamline threat response and leverage Mandiant’s expertise as a virtual extension of their teams.

Mandiant reported revenues of $483 million in 2021, up 21 per cent from the previous year. The acquisition is still subject to stockholder and regulatory approvals and is expected to close later this year.

Other posts by :

1. SpaceX wraps IPO; 8,000 launches by 2030
2. Markets braced for SpaceX IPO
3. Former SpaceX exec to build ‘space taxis’
4. Eutelsat shares crash despite good news
5. Analyst: Years of subs growth ahead for Starlink
6. SES CEO: “Multi-orbit is now key”
7. More details emerge on SpaceX IPO
8. Viasat confident despite SpaceX threats
9. Blue Origin launch pad destroyed

Categories: Articles, Business, M&A

Tags: cybersecurity, google, Google Cloud, Google Cloud Platform, mandiant