Google announced it has signed a “definitive agreement” to acquire cybersecurity company Mandiant in an all-cash transaction valued at approximately $5.4 billion. Upon the close of the acquisition, Mandiant will join Google Cloud, the company said in a press release.
By Yaёl Bizouati-Kennedy
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The deal comes against the backdrop of increased potential cybersecurity threats from Russia, and renewed calls from politicians and experts for companies to protect themselves.
“Today, organizations are facing cybersecurity challenges that have accelerated in frequency, severity and diversity, creating a global security imperative. To address these risks, enterprises need to be able to detect and respond to adversaries quickly; analyze and automate threat intelligence to scale threat detection across organizations; orchestrate and automate remediation; validate their protection against known threats; and visualize their IT environment in order to identify and simulate new threats,” Google said in the release.
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Wedbush Securities analyst Dan Ives wrote in a note to investors that there has been much media speculation that Mandiant was in play with Microsoft or Google as a potential suitor, and today’s news finalizes this process over the last month, with Mandiant up significantly (50%+) from early February/pre-M&A speculation. Mandiant’s stock spiked 16% just on Monday amid the report of the Google acquisition.
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