Google Acquires Cybersecurity Company 'Mandiant' for $5.4 Billion
[Asia Economy Reporter Kang Nahum] Google announced on the 8th (local time) that it will acquire cybersecurity company Mandiant for $5.4 billion (approximately 6.7 trillion KRW). This is the second-largest acquisition deal pursued by Google, following Motorola Mobility in 2012 ($12.5 billion).
Mandiant is a cybersecurity company founded in 2004 by former U.S. Air Force special investigators and members of CERT (Computer Emergency Response Team). It was acquired by FireEye in 2013 for $1 billion (approximately 1.23 trillion KRW), but returned to being an independent company last June when STG purchased the FireEye brand and product division.
Mandiant responds to thousands of breaches annually, leveraging its extended detection and response (XDR) platform called 'Mandiant Advantage' and over 600 security consultants. It was also the first to discover the SolarWinds attack at the end of 2020, which compromised computers across the U.S. federal government.
Google plans to strengthen Google Cloud’s security capabilities through the acquisition of Mandiant. Google Cloud provides cloud-native security features based on technology that blocks malware, phishing attempts, and potential cyberattacks. This acquisition is evaluated to add an end-to-end security operations product suite that includes cybersecurity consulting, threat detection, and digital defense testing.
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Thomas Kurian, CEO of Google Cloud, said about the acquisition, "Organizations worldwide are facing unprecedented cybersecurity challenges," adding, "By integrating Mandiant into Google Cloud, we aim to further enhance our security operations product suite and advisory services to help customers address critical security issues."
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