Google LLC said today that it has reached a formal agreement to buy Mandiant, Inc., a pioneer in dynamic cyber security and response, for $23.00 per share in an all-cash deal worth $5.4 billion, including Mandiant's net cash. Mandiant will join Google Cloud when the transaction is completed.
Organizations are now confronted with cybersecurity threats that have increased in frequency, intensity, and variety, resulting in a global security imperative. Enterprises must be able to detect and respond to adversaries quickly, analyze and automate threat intelligence to scale threat detection across organizations, orchestrate and automate remediation, validate their protection against known threats, and visualize their IT environment to identify and simulate new threats in order to address these risks. By assisting enterprises in addressing and protecting themselves against entire classes of cyber risks while simultaneously fast speeding digital transformation, the cloud promises a new method to shift the security paradigm.
Mandiant's purchase will add to Google Cloud's current security capabilities. Customers can take advantage of a wide range of services, including groundbreaking capabilities like BeyondCorp Enterprise for Zero Trust and VirusTotal for malicious content and software vulnerabilities; Chronicle's planet-scale security analytics and automation, as well as services like Security Command Center to help organizations detect and protect themselves from cyber threats; and Google Cloud's Cybersecurity Action Team expertise. With the purchase of Mandiant, Google Cloud will be able to provide a complete security operations suite with even more features to help clients in both cloud and on-premise settings.
Mandiant offers real-time and in-depth threat intelligence collected on the frontlines of cybersecurity to the world's leading enterprises as a recognized leader in strategic security advice and incident response services. The acquisition, when combined with Google Cloud's cloud-native security capabilities, will assist companies around the world stay secure at every stage of the security lifecycle:
• Advisory Services: Mandiant's proven worldwide experience in incident response, strategic preparation, and technical assurance assists customers in mitigating risks and reducing business risk before, during, and after an event.
• Threat Detection and Intelligence: Mandiant's expertise in identifying and responding to sophisticated adversaries provides customers with actionable insights into the threats that matter most right now.
• Automation and Response Tools: Customers may use the security operations tools in Google Cloud's Chronicle, Siemplify solutions, and Mandiant's Automated Defense to evaluate, prioritize, and simplify threat response while also using Mandiant's knowledge as a virtual extension of their teams.
• Testing and Validation: Mandiant Security Validation complements Google Cloud's Security Command Center by allowing clients to continually verify and monitor the performance of cybersecurity measures across cloud and on-premise systems.
• Managed Defense: Mandiant's managed detection and response solution works as a seamless extension of clients' security teams, providing continuous monitoring, event triage, and threat hunting regardless of the endpoint or network tools used.
"The sophistication and intensity of assaults that were formerly employed to target big countries are now being used to target firms in every industry," said Thomas Kurian, CEO of Google Cloud. "We're excited to welcome Mandiant to Google Cloud, where we'll be able to improve our security operations suite and advisory services while also assisting clients with their most pressing security concerns."
"In cybersecurity, there has never been a more vital period. "Mandiant's purpose has been to battle cyber assaults and safeguards our clients from the newest dangers since our foundation in 2004," stated Kevin Mandia, CEO of Mandiant. "To that end, we're ecstatic to be collaborating with Google Cloud. We will change the security sector by delivering knowledge and intelligence at scale."
Google Cloud's security operations suite will continue to provide a central point of information, analysis, and operations across on-premise systems, Google Cloud, and other cloud providers as a pioneer in supplying multi-cloud technologies. Furthermore, Google Cloud is dedicated to helping both firms' technology partners, including the endpoint ecosystem. Customers will be able to choose from a wider range of solutions thanks to this acquisition, which will be available to system integrators, resellers, and managed security service providers.
The Mandiant purchase is subject to usual closing conditions, including shareholder and regulatory clearances, and is scheduled to conclude later this year.
