Google has signed a definitive agreement to acquire Mandiant, Inc., a leader in dynamic cyber defense and response, for $23.00 per share, in an all-cash transaction valued at approximately $5.4 billion, inclusive of Mandiant’s net cash. Upon the close of the acquisition, Mandiant will join Google Cloud.
The acquisition of Mandiant will complement Google Cloud’s existing strengths in security. Google Cloud offers customers a robust set of services including pioneering capabilities such as BeyondCorp Enterprise for Zero Trust and VirusTotal for malicious content and software vulnerabilities; Chronicle’s planet-scale security analytics and automation coupled with services such as Security Command Center to help organizations detect and protect themselves from cyber threats; as well as expertise from Google Cloud’s Cybersecurity Action Team.
With the addition of Mandiant, Google Cloud will enhance these offerings to deliver an end-to-end security operations suite with even greater capabilities to support customers across their cloud and on-premise environments.
Mandiant brings real-time and in-depth threat intelligence gained on the frontlines of cybersecurity with the largest organizations in the world. Combined with Google Cloud’s cloud-native security offerings, the acquisition will help enterprises globally stay protected at every stage of the security lifecycle:
Advisory Services
Mandiant’s proven global expertise in providing comprehensive incident response, strategic readiness and technical assurance helps customers mitigate threats and reduce business risk before, during and after an incident.
Threat Detection and Intelligence
Mandiant’s experience detecting and responding to advanced adversaries offers customers actionable insights into the threats that matter right now.
Automation and Response Tools
Security operations tools within Google Cloud’s Chronicle, Siemplify solutions and Mandiant’s Automated Defense help customers analyse, prioritize and streamline threat response and leverage Mandiant’s expertise as a virtual extension of their teams.
Testing and Validation
Mandiant Security Validation helps customers continuously validate and measure the effectiveness of cybersecurity controls across cloud and on-premise environments, and complements Google Cloud’s Security Command Center to help ensure strong risk management.
Managed Defense
Mandiant’s managed detection and response service acts as a seamless extension of customers’ security teams, delivering continuous monitoring, event triage and threat hunting that’s agnostic to customers’ endpoint and network tooling.
“Organizations around the world are facing unprecedented cybersecurity challenges as the sophistication and severity of attacks that were previously used to target major governments are now being used to target companies in every industry,” said Thomas Kurian, CEO, Google Cloud.
“We look forward to welcoming Mandiant to Google Cloud to further enhance our security operations suite and advisory services, and help customers address their most important security challenges.”
For the past 18 years, Mandiant has delivered frontline expertise and industry-leading threat intelligence. Mandiant’s more than 600 consultants currently respond to thousands of security breaches each year.
Paired with research from more than 300 intelligence analysts, these resulting insights are what power Mandiant’s dynamic cyber defense solutions – delivered through the managed multi-vendor XDR platform, Mandiant Advantage.
Google Cloud has made security the cornerstone of its commitment to customers and users around the world – building cloud-native security into the foundation of its technology to block malware, phishing attempts and potential cyber attacks at scale.
The Mandiant acquisition underscores Google Cloud’s commitment to advancing its security offerings to better protect and advise customers across their on-premise and cloud environments.
“Cyber security is a mission, and we believe it’s one of the most important of our generation. Google Cloud shares our mission-driven culture to bring security to every organization,” said Kevin Mandia, CEO, Mandiant.
“Together, we will deliver our expertise and intelligence at scale via the Mandiant Advantage SaaS platform, as part of the Google Cloud security portfolio. These efforts will help organizations to effectively, efficiently and continuously manage and configure their complex mix of security products.”
Google Cloud’s security operations suite will continue to provide a central point of intelligence, analysis and operations across on-premise environments, Google Cloud and other cloud providers. In addition, Google says that Google Cloud is deeply committed to supporting the technology partners of both companies, including the endpoint ecosystem.
This acquisition will enable system integrators, resellers and managed security service providers to offer broader solutions to customers.
The acquisition is subject to customary closing conditions, including the receipt of Mandiant stockholder and regulatory approvals, and is expected to close later this year.
