Google has revealed globally that it intended to acquire Virginia, USA, based Cyber security Organization Mandiant. The acquisition was cracked in all-cash transactions that were valued at $5.4 billion. The acquisition was expected to close later this year. Mandiant will join Google Cloud to strengthen Mountain View, California-based company’s cloud security stance.
Google’s topmost acquisition was held in August 2011, when it bought Motorola Mobility for $12.5 billion. In January 2014, Google sold Motorola Mobility to Lenovo at a valuation of $2.91 billion.
Mandiant offers incident response and general security consulting in combination with incident management solutions. In 2021, the company raked up revenues of $400 million and had close to 2,300 employees in real-time.
Google believes that Mandiant’s solutions will combine the security capabilities of the Google Cloud in a bid to create an “end-to-end security operations suite”.
As per the Mandiant sayings, about 600 security consultants along with 300 intelligent analysts will join the Google cloud team.
Kevin Mandia, CEO of Mandiant, said, together, we will plate the Mandiant Advantage SaaS platform as part of the Google Cloud security portfolio. The step will help organizations to manage and configure their complex mix of security products. Mandiant is well known for disclosing SolarWinds cyberattack in April 2020, which wasn’t a one-off incident targeting a single company but led to a queue of events that led to a larger supply chain incident that affected many organizations along with the US government.
In February, media reports observed that Microsoft discussed a potential deal with Mandiant. However, as per Bloomberg, the deal did not go through as Microsoft was sceptical if Mandiant would be a “strategic fit” for the company.