Google to purchase Mandiant Inc for $5.4 billion
Technology

Google to purchase Mandiant Inc for $5.4 billion

Google agreed to buy cybersecurity firm Mandiant Inc for $5.4 billion, adding internet security products that would strengthen the technology giant’s cloud-computing business as it takes on larger competitors Amazon Web Services and Microsoft Corporation.

Google's second-biggest ever purchase signals that the Alphabet Inc firm has stepped off the sidelines of large dealmaking despite intense regulatory scrutiny. As it aims to develop its third-place cloud-infrastructure unit, which sells computing power and storage through the internet, acquiring Mandiant will provide Google with a fuller range of software tools to protect clients by replying quickly to online threats.

Developing the cloud business is one way Google is working to diversify from digital advertising, which includes the bulk of its revenue and profit. Under Thomas Kurian, who took over as the cloud division’s chief executive officer in 2019, Google has aggressively pursued new business, working to make the service more reliable and updating its partnerships to engineer bespoke projects for more clients.

Mandiant will support Google selling a more holistic set of security programs that strive to control cyber intrusions and support cloud-computing customers to detect and fight any attacks that do get through.

Google will pay $23 a share for Mandiant in the all-cash deal, the Mountain View, California-based firm told the media on Tuesday.

Mandiant will be formed under Google’s cloud business at the close of the purchase, anticipated later this year, Phil Venables, Google Cloud’s chief information security officer told the media.

Microsoft was additionally interested in Mandiant but pulled out of discussions more than a week ago.

Image Source

Also read: Google plans to open new office in Pune in 2022

Google agreed to buy cybersecurity firm Mandiant Inc for $5.4 billion, adding internet security products that would strengthen the technology giant’s cloud-computing business as it takes on larger competitors Amazon Web Services and Microsoft Corporation. Google's second-biggest ever purchase signals that the Alphabet Inc firm has stepped off the sidelines of large dealmaking despite intense regulatory scrutiny. As it aims to develop its third-place cloud-infrastructure unit, which sells computing power and storage through the internet, acquiring Mandiant will provide Google with a fuller range of software tools to protect clients by replying quickly to online threats. Developing the cloud business is one way Google is working to diversify from digital advertising, which includes the bulk of its revenue and profit. Under Thomas Kurian, who took over as the cloud division’s chief executive officer in 2019, Google has aggressively pursued new business, working to make the service more reliable and updating its partnerships to engineer bespoke projects for more clients. Mandiant will support Google selling a more holistic set of security programs that strive to control cyber intrusions and support cloud-computing customers to detect and fight any attacks that do get through. Google will pay $23 a share for Mandiant in the all-cash deal, the Mountain View, California-based firm told the media on Tuesday. Mandiant will be formed under Google’s cloud business at the close of the purchase, anticipated later this year, Phil Venables, Google Cloud’s chief information security officer told the media. Microsoft was additionally interested in Mandiant but pulled out of discussions more than a week ago. Image Source Also read: Google plans to open new office in Pune in 2022

Next Story
Infrastructure Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?