Mandiant, a cybersecurity company based in Reston, Virginia, announced Tuesday it will soon be acquired by Google for $23 per share, approximately $5.4 billion. This acquisition is part of Google Cloud’s commitment to increased security to better protect its customers, a commitment following Google Chrome’s 63 security vulnerabilities identified earlier this year.
“There has never been a more critical time in cybersecurity. Since our founding in 2004, Mandiant’s mission has been to combat cyber attacks and protect our customers from the latest threats,” Mandiant CEO Kevin Mandia said in a statement. “To that end, we are thrilled to be joining forces with Google Cloud. Together, we will deliver expertise and intelligence at scale, changing the security industry.”
Under Google Cloud, Mandiant will add its 18 years of cybersecurity expertise and Mandiant Advantage SaaS platform to deliver an end-to-end security operations suite. With more capabilities, customers will be able to tackle security challenges and be rest assured they’re protected throughout the security lifecycle.
New offerings in Google Cloud’s security suite will include advisory services, threat detection and intelligence, automation and response tools, testing and validation, and managed defense.
“The Mandiant brand is synonymous with unmatched insights for organizations seeking to keep themselves secure in a constantly changing environment,” Google Cloud CEO Thomas Kurian said in a statement. “Together we can make a profound impact in securing the cloud, accelerating the adoption of cloud computing, and ultimately make the world safer.”
While a close date for the acquisition hasn’t been announced yet, it is set to complete later this year. Goldman Sachs will act as an exclusive financial advisor for the acquisition with Wilson Sonsini Goodrich & Rosati acting as Mandiant’s legal advisor.