Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

Mandiant focusses on cyber-incident response and cybersecurity testing.

By Reuters | Updated: 8 March 2022 15:21 IST

Google Said to Be in Talks to Buy Cybersecurity Firm Mandiant

Photo Credit: Reuters

Mandiant became a standalone entity last year

Highlights

Microsoft is also said to be interested in acquiring Mandiant
Mandiant as a market cap of $4.53 billion (roughly Rs. 34,850 crore)
The deal could bolster Google's cloud computing business

Google is in talks to buy cybersecurity firm Mandiant, the Information reported on Monday, citing a person with knowledge of the discussion. Mandiant's shares closed up 16 percent on the Nasdaq after the news.

The company, 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 could bolster Google's cloud computing business, which generates more than $19 billion (roughly Rs. 1,46,260 crore) annually but has been losing billions of dollars a year, and help it compete with bigger rival Microsoft, which also is reportedly interested in buying Mandiant, the report added.

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 (roughly Rs. 9,230 crore) to a consortium led by private-equity firm Symphony Technology Group.

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

© Thomson Reuters 2022

What should you know about MWC 2022? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.