Google to acquire cybersecurity firm Mandiant for $5.4 billion

Google to acquire cybersecurity firm Mandiant for $5.4 billion

Mar 08, 2022 by CNBC

Key Facts

  • Lluis Gene | AFP | Getty Images Google announced Tuesday that it plans to buy cybersecurity firm Mandiant for around $5.4 billion as part of an effort to better protect its cloud customers.
  • If the deal goes through, Mandiant will join Google’s cloud computing division, which is yet to grow to the same size as Microsoft Azure or Amazon Web Services.
  • “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.
  • Wedbush analyst Dan Ives said in a note to investors Tuesday: “With cyber attacks increasing by the day and cyber warfare underway from Russia/state sponsored cyber terrorism organizations, Google is doubling down on its cyber security footprint at the right time with Mandiant and looking to differentiate itself from the likes of behemoths Microsoft and Amazon in the cloud arms race.”

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