Mandiant introduced that it has entered right into a definitive settlement to be acquired by Google LLC for $23.00 per share in an all-cash transaction valued at roughly $5.4 billion, inclusive of Mandiant’s internet money. The provide worth represents a 57% premium to the undisturbed 10-day trailing quantity weighted common worth as of February 7, 2022, the final full buying and selling day previous to printed market hypothesis concerning a possible sale of the Firm. Upon the shut of the acquisition, Mandiant will be a part of Google Cloud.
For the previous 18 years, Mandiant has delivered unparalleled frontline experience and industry-leading menace intelligence. Mandiant’s greater than 600 consultants at present reply to hundreds of safety breaches every year. Paired with analysis from greater than 300 intelligence analysts, these ensuing insights are what energy Mandiant’s dynamic cyber protection options – delivered via the managed multi-vendor XDR platform, Mandiant Benefit.
Google Cloud has made safety the cornerstone of its dedication to clients and customers all over the world – constructing cloud-native safety into the inspiration of its expertise to dam malware, phishing makes an attempt and potential cyber assaults at scale. The Mandiant acquisition underscores Google Cloud’s dedication to advancing its safety choices to raised defend and advise clients throughout their on-premise and cloud environments.
The acquisition will complement Google Cloud’s current strengths in safety. Along with Mandiant, Google Cloud will ship an end-to-end safety operations suite with even higher capabilities in addition to advisory companies serving to clients tackle vital safety challenges and keep protected at each stage of the safety lifecycle.
“Cyber safety is a mission, and we imagine it’s probably the most essential of our era. Google Cloud shares our mission-driven tradition to deliver safety to each group,” stated Kevin Mandia, CEO, Mandiant. “Collectively, we are going to ship our experience and intelligence at scale by way of the Mandiant Benefit SaaS platform, as a part of the Google Cloud safety portfolio. These efforts will assist organizations to successfully, effectively and repeatedly handle and configure their advanced mixture of safety merchandise.”
“The Mandiant model is synonymous with unmatched insights for organizations looking for to maintain themselves safe in a always altering atmosphere,” stated Thomas Kurian, CEO, Google Cloud. “This is a chance to ship an end-to-end safety operations suite and lengthen among the best consulting organizations on the planet. Collectively we will make a profound affect in securing the cloud, accelerating the adoption of cloud computing, and finally make the world safer.”
The acquisition is topic to customary closing circumstances, together with the receipt of Mandiant stockholder and regulatory approvals, and is anticipated to shut later this yr. Goldman Sachs & Co. LLC is appearing as unique monetary advisor, and Wilson Sonsini Goodrich & Rosati P.C. is appearing as authorized advisor to Mandiant.
