Google is in talks to purchase cybersecurity agency Mandiant, the Information reported on Monday, citing an individual with information of the dialogue. Mandiant’s shares closed up 16 % on the Nasdaq after the information.

The firm, 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 may bolster Google’s cloud computing enterprise, which generates greater than $19 billion yearly however has been shedding billions of {dollars} a 12 months, and assist it compete with larger rival Microsoft Corp, which is also reportedly eager about shopping for Mandiant, the report added.

Mandiant grew to become a standalone entity once more final 12 months when FireEye, which acquired the corporate in 2013, bought its merchandise enterprise and the FireEye title for $1.2 billion (roughly Rs. 9,230 crore) to a consortium led by private-equity agency Symphony Technology Group.

Google and Mandiant didn’t instantly reply to Reuters requests for remark.

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