Google LLC announced today that it has entered into a definitive agreement to obtain Virginia-based cybersecurity firm Mandiant.
The proposed acquire is anticipated to be an all-cash transaction valued at roughly $5.4bn, inclusive of Mandiant’s net hard cash.
As anticipated, Mandiant will turn out to be portion of Google Cloud if the acquisition closes afterwards this yr. Google said the deal would enhance Google Cloud’s existing strengths in security, allowing it to deliver an conclusion-to-stop security operations suite “with even higher capabilities” to assistance its clients throughout additional than 200 nations and territories.
Mandiant was launched as Pink Cliff Consulting in 2004 by previous United States Air Power officer Kevin Mandia, who serves as the company’s CEO. Mandiant assumed its present moniker in a 2006 rebranding.
FireEye acquired Mandiant in December 2013, but the corporation was demerged in 2021.
Mandiant’s more than 600 consultants focus in investigating cyber-assaults and responding to security breaches.
“Cybersecurity is a mission, and we feel it is one particular of the most crucial of our technology. Google Cloud shares our mission-pushed society to provide security to each individual organization,” said Kevin Mandia.
“Together, we will provide our expertise and intelligence at scale via the Mandiant Gain SaaS system, as element of the Google Cloud security portfolio. These efforts will help businesses to effectively, successfully and constantly deal with and configure their intricate mix of security items.”
Thomas Kurian, CEO of Google Cloud, stated: “Organizations all over the entire world are experiencing unprecedented cybersecurity challenges as the sophistication and severity of assaults that had been formerly employed to target big governments are now becoming applied to focus on businesses in just about every field.”
He extra that by joining forces, Mandiant and Google Cloud could get the job done to protected the cloud and speed up the adoption of cloud computing.
“The Mandiant brand is synonymous with unmatched insights for businesses searching for to preserve themselves safe in a constantly switching ecosystem,” reported Kurian. “This is an opportunity to provide an conclusion-to-end security operations suite and increase a single of the very best consulting organizations in the globe.”
Goldman Sachs & Co. LLC is performing as an unique fiscal advisor, and Wilson Sonsini Goodrich & Rosati P.C. is performing as authorized advisor to Mandiant.
Some parts of this article are sourced from:
www.infosecurity-magazine.com