Google is set to acquire cybersecurity firm Mandiant in an all-cash deal that is being valued at $5.4bn.
According to Security Week, Google will pay $23 per share of Mandiant under the terms of the agreement.
Mandiant currently has over 600 consultants and 300 intelligence analysts that respond to tens of thousands of security incidents a yea.
Mandiant was credited for discovering the major SolarWinds hack from December 2020. The company had been previously acquired by FireEye in December 2019, but were split apart in 2021 in a $1.2bn private equity transaction/
Following the closure of the acquisition, Mandiant will join Google Cloud. The acquisition is subject to customary closing conditions and is expected to close later in 2022.
Google said, â€œGoogle 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.â€
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