A $5.4 Billion Deal Will See Google Acquire Cybersecurity Firm Mandiant

Cybersecurity firm Mandiant Inc (MNDT.O) is being acquired by Alphabet Inc’s (GOOGL.O) Google for a consideration of $5.4 billion in a pact that may lead to pop a “ripple effect” since cloud competitors Amazon and Microsoft also increase put efforts in order to shore up the rapidly-growing business.

An increase in cyberattacks has been seen due to a switch to working remotely amidst the pandemic, and also because of the Russians invaded Ukraine and this raised the demands for security software, according to research firm Mordor Intelligence, since 2020 and through 2026, this market estimated to more than two times to $352.25 billion.

According to several news reports, Microsoft Corp (MSFT.O) was also a competitor for Mandiant, which has appeared like a favored for companies inquiring about cyberattacks, along with the latest violations at Nvidia Corp (NVDA.O) and News Corp (NWSA.O).

The principal analyst at Forrester Research, Jeff Pollard said “This is just the beginning of what we’re going to see in terms of cybersecurity acquisitions for all the big cloud firms.”

Google’s cloud computing business is sure to be improved with the pact, which has revenue of over $19 billion per year and fortifies its security systems as well as advisory services.

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Microsoft Was Eyeing a Deal

The offer of $23 each share by Google includes a premium of nearly fifty-three percent to Mandiant’s stock price levels ahead of reports revealed about Microsoft having an eye on a pact.

In Tuesday’s morning trading, Mandiant shares declined by 3 percent, whereas Alphabet had a rise of 0.5 percent.

Google, A $5.4 Billion Deal Will See Google Acquire
A $5.4 Billion Deal Will See Google Acquire

Mandiant, which aims at the cyber-attack response and cybersecurity checking, was an independent entity earlier this year after FireEye Inc (acquirer) sold off its products business along with its name for a consideration of $1.2 billion to an organization headed by Symphony Technology Group, a private equity firm.

Pollard continued “The capital necessary for Mandiant to succeed as a standalone cybersecurity business was going to require an external entity or an acquisition,” adding further “It would have been really capital intensive for the company to compete with larger firms having a similar set of capabilities.”

We will keep you updated with all the latest information until then stay tuned with us.

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