Google to Acquire Mandiant for $5.4 Billion in Cash | #microsoft | #hacking | #cybersecurity

Google on Tuesday said it has agreed to acquire cybersecurity firm Mandiant in an all-cash deal valued at roughly $5.4 billion.

The official announcement came shortly after rumors of Google’s interest in the security firm emerged Monday. 

Trading of Mandiant shares were halted late Monday after reports of Google’s interest. 

Less than a month after news surfaced that Microsoft was interested in buying Mandiant at a price tag in the range of $4 billion, Google stepped in to acquire the threat intelligence and incident response company credited for discovering the Solarwinds supply chain compromise.

Considered a premier incident response firm tracking advanced nation-state threat group activity, Mandiant was originally acquired by FireEye in December 2013. The two firms were split apart in late 2021 in a $1.2 billion private equity transaction that separated the Mandiant Solutions unit from FireEye’s endpoint protection and cloud security product.

Google is investing in cybersecurity to drive its cloud computing portfolio, and has beefed up its own security lineup with the recent acquisition of Siemplify to add to the Chronicle SIEM platform and the VirusTotal malware analysis platform.

Upon the close of the acquisition, Mandiant will join Google Cloud.

“Google Cloud offers customers a robust set of services including pioneering capabilities such as BeyondCorp Enterprise for Zero Trust and VirusTotal for malicious content and software vulnerabilities; Chronicle’s planet-scale security analytics and automation coupled with services such as Security Command Center to help organizations detect and protect themselves from cyber threats; as well as expertise from Google Cloud’s Cybersecurity Action Team,” Google said.

“There has never been a more critical time in cybersecurity. Since our founding in 2004, Mandiant’s mission has been to combat cyber attacks and protect our customers from the latest threats,” said Kevin Mandia, CEO, Mandiant. “To that end, we are thrilled to be joining forces with Google Cloud. Together, we will deliver expertise and intelligence at scale, changing the security industry.”

Under the terms of the agreement, Google will pay $23.00 per share of Mandiant, totalling approximately $5.4 billion, inclusive of Mandiant’s net cash.

The acquisition is subject to customary closing conditions and is expected to close later this year. 

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

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