Google is buying cybersecurity firm Mandiant for $5.4 billion

Google is buying cybersecurity firm Mandiant for $5.4 billion

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Key Facts

  • 03:29 - Source: CNNBusinesss SolarWinds CEO: Cyber threats need community vigilance New York CNN Business — Google (GOOG) on Tuesday announced it has agreed to buy cybersecurity firm Mandiant for around $5.4 billion, one of the largest acquisitions in the tech giant’s history and a big bet that helping companies better address cyber threats can bolster its cloud computing business.
  • “The acquisition of Mandiant will complement Google Cloud’s existing strengths in security,” Google and Mandiant said in a joint statement Tuesday.
  • Although Google Cloud sales have grown at a fast clip, it has struggled to compete with similar services from Microsoft (MSFT) and Amazon (AMZN).
  • Jeff Pollard, VP and principal analyst at Forrester, said Google’s cloud business is “playing catchup to Microsoft in cybersecurity,” which forces Google “to pay a premium and be more aggressive.”

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