Google said it reached a deal to buy cyber-security company Mandiant Inc for $5.4 billion
Aiming to bolster its cloud unit with more cybersecurity offerings at a time when businesses have seen a wave of attacks on their systems, according to Bloomberg
- The deal is the second-largest in history for the GOOGLE (Alphabet Inc)
Through Mandiant acquisition,
Google aims on providing a boost to its cloud business, which is rapidly growing but remains smaller than its key rivals.
*Reuters tweet on Google acquisition of Mandiant
— Reuters (@Reuters) March 8, 2022
In the most recent quarter,
the business saw revenue rise by about 45% to $5.54 billion, or about 7% of the company’s total quarterly revenue.
Thomas Kurian, CEO of Google Cloud, said that Google wanted to draw from the insights of Mandiant’s threat research in how it applies security solutions to its products, and that the computing giant intended to retain the Mandiant brand.
- Mandiant is a pioneer in the cybersecurity industry in publishing detailed reports about malicious cyber campaigns and identifying the likely nation-state sponsor of the intrusions.
U.S. intelligence agencies have come to rely on the insights provided by Mandiant and other companies that shed light on the motives and tactics of hackers in Russia, China, Iran and worldwide
*Cybersecurity investments have been trending among tech companies, as they beef up those services for customers amid a surge in cyberattacks