Google to acquire cybersecurity firm Mandiant for US$5.4bn
American cybersecurity firm Mandiant, has entered into a definitive agreement to be acquired by Google in an all-cash transaction valued at approximately US$5.4bn.
Upon the close of the acquisition, Mandiant will join Google Cloud. The acquisition 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.
“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 organisation,” 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 organisations to effectively, efficiently and continuously manage and configure their complex mix of security products.”
Securing the changing environment
Founded in 2004, Mandiant is a trusted partner to security-conscious organisations and helps them develop more effective and efficient cyber security programmes. The Mandiant Advantage SaaS platform scales decades of frontline experience and industry-leading threat intelligence to deliver a range of dynamic cyber defence solutions.
The company has more than 600 consultants that currently respond to thousands of security breaches each year.
“The Mandiant brand is synonymous with unmatched insights for organisations 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 organisations 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.”
Building cloud-native security
With customers in more than 200 countries, Google Cloud accelerates every organisation’s ability to digitally transform its business.
Google Cloud is building cloud-native security into the foundation of its technology to block malware, phishing attempts and potential cyber attacks at scale. The Mandiant acquisition underscores Google Cloud’s commitment to advancing its security offerings to better protect and advise customers across their on-premise and cloud environments.
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.
