Google Joins Race To Acquire Cybersecurity Company Mandiant

Share post:

Google is in talks to acquire cybersecurity company Mandiant according to the Information.

The deal could significantly help Google’s cloud business put an end to the yearly loss of billions of dollars. It could also help the company compete in the space with a bigger rival like Microsoft in the cloud computing space.

The deal if successful will mark Google’s second-biggest acquisition. Google’s biggest acquisition was the $12.5 billion deal for Motorola Mobility in 2012.

Mandiant has a market value of just under $4.5 billion. The cybersecurity platform was under the FireEye umbrella until last year when it was sold for $1.2 billion to a consortium led by Symphony Technology Group.

Google is continuously making efforts to expand its cloud security capabilities. Some of these efforts include acquiring Chronicle and Siemplify.

Chronicle is a security analytics platform that monitors the flow of data across PCs, devices, and networks to detect cyberattacks. Siemplify is a threat-response startup.

For more information, read the original story in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

China approves Broadcom-VMWare merger, last hurdle is cleared

The long-anticipated merger between Broadcom and virtualization giant VMware has been approved by Chinese regulatory authorities, marking the...

Elon Musk’s X sues Media Matters over report linking ads to extremist content

Elon Musk's X has initiated legal action against the progressive watchdog group Media Matters, in response to an...

OpenAI aggressively pursues Google AI talent with offers up to $10 million

In a bold move to bolster its AI expertise, OpenAI is reportedly offering lucrative compensation packages, potentially worth...

Booths axes self-scan machines for human cashiers

Supermarket chain, Booths is axing almost all of its self-scan machines in favor of human cashiers. The company,...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways