Google completes $5.4B Mandiant acquisition
Reston cybersecurity firm to join Google Cloud, retain brand
Google LLC has completed its acquisition of Reston-based cybersecurity company Mandiant Inc. in an all-cash transaction valued at $5.4 billion.
Google is paying $23 per share for Mandiant, which is joining Google Cloud while retaining its branding.
The companies announced the deal in March. Together, Google Cloud and Mandiant will offer customers more capable end-to-end security operations, Mandiant said in a news release announcing the sale’s completion Monday.
“The completion of this acquisition will enable us to deliver a comprehensive and best-in-class cybersecurity solution,” Thomas Kurian, CEO of Google Cloud, said in a statement. “We believe this acquisition creates incredible value for our customers and the security industry at large. Together, Google Cloud and Mandiant will help reinvent how organizations protect themselves, as well as detect and respond to threats.”
Mandiant was founded in 2004 by CEO Kevin Mandia. In a blog post about the sale, Mandia wrote that by combining Mandiant’s experiences with the scale and resources of Google, “we can make a far greater difference in preventing and countering cyberattacks, while pinpointing new ways to hold adversaries accountable.”
“Mandiant is driven by a mission to make every organization secure from cyberthreats and confident in their readiness,” Mandia said in a statement. “Combining our 18 years of threat intelligence and incident response experience with Google Cloud’s security expertise presents an incredible opportunity to deliver with the speed and scale that the security industry needs.”
Mandiant reported $483 in revenue for 2021, a 21% increase from the previous year.