As part of an effort to better protect its cloud customers, Google on Tuesday
announced its plans to acquire Cybersecurity firm Mandiant
The search giant said it will pay $23 a share for the publicly traded firm, which was
founded in 2004.
If the deal gets approved by regulators, it will be Google’s second-largest acquisition
ever behind its $12.5 billion Motorola Mobility deal in 2012.
Google sold the company to Lenovo for $2.9 billion two years later. Google’s third-
largest acquisition is smart home product maker Nest, which it bought for $3.2 billion
in 2014. Google is a unit of Alphabet.
Google’s cloud computing division, which is yet to grow to the same size as
Microsoft Azure or Amazon’s AWS would benefit a lot after this latest move of
acquiring Mandiant.
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“Organizations around the world are facing unprecedented cybersecurity challenges
as the sophistication and severity of attacks that were previously used to target
major governments are now being used to target companies in every industry,” said
Thomas Kurian, CEO of Google Cloud, in a statement.
He added: “We look forward to welcoming Mandiant to Google Cloud to further
enhance our security operations suite and advisory services, and help customers
address their most important security challenges.”
The deal is expected to close later this year.
