Google to buy cybersecurity leader Mandiant for $5.4 billion

Internet giant Google LLC announced on Thursday that it has signed a definitive agreement to acquire Mandiant, Inc, a leader in dynamic cyber defense and response, for $23 per share in an all-in transaction. cash valued at approximately $5.4 billion, including Mandiant’s net cash. .

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

Google said it is strengthening its cloud infrastructure to change the security paradigm in a way that will help organizations address and protect against entire classes of cyberthreats, while rapidly accelerating digital transformation.

“Organizations today face cybersecurity challenges that have accelerated in frequency, severity and diversity, creating a global security imperative. To address these risks, organizations must be able to quickly detect and respond to adversaries; analyze and automate threat intelligence to extend threat detection across organizations; orchestrate and automate remediation; validate their protection against known threats; and visualize their computing environment to identify and simulate new threats,” the company said in a statement.

The acquisition of Mandiant will complement Google Cloud’s existing security strengths. Google Cloud offers customers a robust set of services, including pioneering features such as BeyondCorp Enterprise for Zero Trust and VirusTotal for malicious content and software vulnerabilities; Chronicle’s global security analytics and automation combined with services such as Security Command Center to help organizations detect and protect against cyber threats; as well as the expertise of the Google Cloud Cybersecurity Action Team.

With the addition of Mandiant, Google Cloud will enhance these offerings to provide an end-to-end security operations suite with even greater capabilities to support customers in their cloud and on-premises environments.

Mandiant, a recognized leader in strategic security consulting and incident response services, works with some of the world’s largest organizations and has gained deep, real-time intelligence on frontline cybersecurity threats. Combined with Google Cloud’s native cloud security offerings, this acquisition will help organizations around the world stay protected at every stage of the security lifecycle.

Mandiant has proven global expertise in providing comprehensive incident response, strategic preparedness and technical assurance that helps customers mitigate threats and reduce business risk before, during and after an incident.

“Organizations around the world are facing unprecedented cybersecurity challenges as the sophistication and severity of attacks that were once used to target major governments are now being used to target businesses across all industries,” said Thomas Kurian. , CEO of Google Cloud. “We look forward to welcoming Mandiant to Google Cloud to further enhance our security operations suite and consulting services, and help our customers solve their most important security challenges.”

“There has never been a more critical time for cybersecurity. Since our inception in 2004, Mandiant’s mission has been to fight cyberattacks and protect our customers against the latest threats,” said Kevin Mandia, CEO of Mandiant. “To this end, we are delighted to partner with Google Cloud. Together, we will deliver expertise and intelligence at scale that will change the security industry. »

As a pioneer in multicloud technology offerings, Google Cloud’s security operations suite will continue to provide a central point of intelligence, analytics, and operations across on-premises, Google Cloud, and enterprise environments. other cloud providers. Additionally, Google Cloud is committed to supporting both companies’ technology partners, including the endpoint ecosystem. This acquisition will allow system integrators, resellers and managed security service providers to offer broader solutions to their customers.

The acquisition of Mandiant is subject to customary closing conditions, including obtaining Mandiant shareholder and regulatory approvals, and is expected to close later this year, according to a press release from Mandiant.