Google has made a US$5.4 billion (A$7.4 billion) all-cash play for cyber security firm Mandiant.
The company said that Mandiant would complement the “existing strengths” of Google Cloud’s security offerings.
“With the addition of Mandiant, Google Cloud will enhance these offerings to deliver an end-to-end security operations suite with even greater capabilities to support customers across their cloud and on-premise environments,” Google said in a statement.
“As a recognised leader in strategic security advisory and incident response services, Mandiant brings real-time and in-depth threat intelligence gained on the frontlines of cyber security with the largest organisations in the world.
“When combined with Google Cloud’s cloud-native security capabilities, the purchase will assist organisations around the world in remaining secure at every stage of the security lifecycle.”
Kurian went on to say that Google Cloud “is fully dedicated to supporting both organisations’ technology partners, including the endpoint ecosystem.”
The deal is still subject to shareholder and regulatory clearances, but it is likely to finalise later this year.
According to Mandiant, “the offer price represents a 57% premium over the undisturbed 10-day trailing volume weighted average price as of February 7, 2022.”
The purchase comes less than a month after Microsoft was touted as a possible suitor for Mandiant, though conversations were allegedly not near enough to result in an offer at the time.
