Internet searcher Google has announced on Tuesday March 8, that it will pay $23 a share for the publicly traded company, which was established in 2004. If the arrangement goes through, Mandiant will join Google’s cloud computing division.
Google intends to purchase cybersecurity firm Mandiant for around $5.4 billion as a component of a work to more readily protect its cloud customers.
If the purchase is successful, this will be Google’s second-biggest acquisition ever behind its $12.5 billion Motorola Mobility bargain in 2012. Google sold the organization to Lenovo for $2.9 billion two years after the fact.
Google’s third-biggest acquisition is savvy home item creator Nest, which it purchased for $3.2 billion in 2014. Google is a unit of Alphabet.
Mandiant will join Google’s cloud computing division, which is yet to grow to the same size as Microsoft Azure or Amazon Web Services.
According to Thomas Kurian, CEO of Google Cloud, 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.
Hence, Google is anticipating welcoming Mandiant to Google Cloud to additional upgrade their security activities suite and warning services, and assist customers with tending to their most significant security challenges.
Meanwhile, the deal is expected to close not long from now.
In the interim, shares of Mandiant shut everything down on Monday after The data detailed that Google was keen on purchasing the organization.
Mandiant, which is market valued at $5.25 billion, was already under the FireEye umbrella before that brand was sold. FireEye was credited with assisting Microsoft with finding the SolarWinds hack that attacked government system in 2019 and 2020.