Google to invest $5 billion in cybersecurity firm
The tech giant announced that it is going to acquire the specialized cybersecurity company Mandiant, which would be the largest purchase made so far
The American technology giant Google reached an agreement to acquire the cybersecurity company Mandiant for 5.4 billion dollars in cash, in what is the second largest purchase in the history of the Mountain View company.
Under the agreed conditions, Google will pay $23 in cash for each Mandiant share, which will be integrated into Google Cloud once the transaction is completed, which is expected to occur by the end of 2022.
The Mandiant acquisition will complement Google Cloud’s existing strengths in security, the company that owns the popular search engine said in a statement.
Thus, combined with Google Cloud’s native security offerings, the Mandiant acquisition will help businesses around the world stay protected at every stage of the security lifecycle, including advisory services; threat detection and intelligence; automation and response tools; testing and validation; and managed defense.
“Organizations around the world are facing unprecedented cybersecurity challenges. We look forward to welcoming Mandiant to Google Cloud to further enhance our suite of security operations and advisory services, and help customers address their challenges.” security concerns”, said Thomas Kurian, CEO of Google Cloud.
The acquisition of Mandiant for 5.4 billion dollars marks the second largest purchase ever made by Google, after taking over Motorola Mobility for 12.5 billion dollars in 2012 and surpassing the 3.2 billion dollars paid by Nest in 2014.
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