Home Google Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

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Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

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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