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Home Mergers & Acquisitions Cyber-security: Google in talks to buy Mandiant

Cyber-security: Google in talks to buy Mandiant

The company, which has a market capitalisation of about $4.53 billion, focuses on cyber-incident response and cyber-security testing

Alphabet Inc’s Google is in talks to buy the cyber-security firm Mandiant, citing a person with the knowledge of the discussion, the information reported on Monday.

After the news, shares of the Mandiant closed up 16 per cent on Nasdaq.

The company, which has a market capitalisation of about $4.53 billion, focuses on cyber-incident response and cyber-security testing.

A deal could bolster Google’s cloud computing business that generates over $19 billion annually but has been losing billions of dollars a year, and help it compete with bigger rival Microsoft Corp, which also is reportedly interested in buying Mandiant, the report said.

Mandiant became a standalone entity again last year when FireEye, which acquired the company in 2013, sold its products business and the FireEye name for $1.2 billion to a consortium led by private-equity firm Symphony Technology Group.

Google and Mandiant did not respond immediately to Reuters requests for comments.

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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