Google buys cybersecurity company Mandiant for $5.4 billion

“The acquisition of Mandiant will complement Google Cloud’s existing security strengths,” Google and Mandiant said in a joint statement Tuesday. “Combined with Google Cloud’s native cloud security offerings, this acquisition will help organizations around the world stay protected at every stage of the security lifecycle.”
Google Cloud is central to the company’s broader efforts to diversify its revenue beyond its core search advertising business. Although Google Cloud’s sales grew at a rapid pace, it struggled to compete with similar services from Microsoft (MSFT) and Amazon (AMZN).
Microsoft is also rumored to be looking to acquire Mandiant, a company specializing in threat intelligence, incident response and cybersecurity testing. Mandiant was credited with uncovering the Solar Winds hack, a devastating breach that affected a number of federal agencies and private companies.

Jeff Pollard, vice president and principal analyst at Forrester, said Google’s cloud business is “catching up with Microsoft in cybersecurity,” forcing Google “to pay a premium and be more aggressive.” With this acquisition, he said, Google has “signalled” that it is ready to do just that.

The deal comes at a time when companies may feel heightened cybersecurity concerns given the war between Russia and Ukraine. In recent weeks, US officials have warned businesses and local governments of the threat of cybersecurity attacks, given that Russian hackers have previously targeted US targets.

Mandiant was launched in 2004 and was acquired by FireEye in 2013. It became an independent company after FireEye sold its product business last year for $1.2 billion.

The acquisition of Google is expected to be finalized later this year.


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