
Google is in talks to purchase cybersecurity agency Mandiant, the Information reported on Monday, citing an individual with data 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 might bolster Google’s cloud computing enterprise, which generates greater than $19 billion (roughly Rs. 1,46,260 crore) yearly however has been dropping billions of {dollars} a 12 months, and assist it compete with larger rival Microsoft, which is also reportedly fascinated by shopping for Mandiant, the report added.
Mandiant turned a standalone entity once more final 12 months when FireEye, which acquired the corporate in 2013, bought its merchandise enterprise and the FireEye identify 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.
© Thomson Reuters 2022
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