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Google announced today that it has signed an agreement to buy Mandiant, a prominent cybersecurity company, for $5.4 billion. The unit, once acquired, will be integrated into Google’s cloud team to ensure it can offer an “end-to-end security operations suite” to its enterprise customers.
Mandiant CEO Kevin Mandia said the deal will allow “organisations [to] effectively, efficiently and seamlessly manage and configure their complex mix of security products”. Google’s cloud platform is used by a number of large companies, and an outage in late 2021 briefly took Spotify, Snapchat, Etsy and Discord, among others, offline.
Mandiant is probably not a name on everyone’s lips, but it’s one of those companies that gets called out whenever bad things happen. It uncovered the SolarWinds hack and was hired by Equifax to look into its security practices after its huge security issue in 2017, and T‑Mobile partnered with the company after its 2021 breach.
It also works with major banks and governments to work on high-profile attacks involving state actors. Mandiant was previously part of FireEye after it was acquired in 2013, but the company was spun off last year.
The news comes just a month after Bloomberg reported that Microsoft may be interested in acquiring the company. It said that any deal would allow its new buyer to offer “unparalleled cybersecurity knowledge”, although Microsoft — obviously — subsequently pulled out of the negotiations. But Google clearly believes the deal is worth it and is the second most expensive purchase the company has ever made, after its $12.5 billion purchase of Motorola.
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