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Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

08 Mar 2022 By Know Muslim


Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

Mandiant focusses on cyber-incident response and cybersecurity testing.

Date:08-03-2022

google

Google is in talks to buy cybersecurity firm Mandiant, the Information reported on Monday, citing a person with knowledge of the discussion. Mandiant's shares closed up 16 percent on the Nasdaq after the news.

The company, which has a market capitalization of about $4.53 billion (roughly Rs. 34,850 crore), focuses on cyber-incident response and cybersecurity testing.

A deal could bolster Google's cloud computing business, which generates more than $19 billion annually but has been losing billions of dollars a year, and help it compete with bigger rival Microsoft Corp, which also is reportedly interested in buying Mandiant, the report added.

Mandiant became a standalone entity again last year when FireEye, which acquired the company in 2013, sold its products business and the FireEye name for $1.2 billion (roughly Rs. 9,230 crore) to a consortium led by private-equity firm Symphony Technology Group.

Google and Mandiant did not immediately respond to Reuters requests for comment.

Ref: https://gadgets360.com/internet/news/google-mandiant-deal-buy-acquire-cybersecurity-response-testing-2810396

 

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