Google is buying cybersecurity firm Mandiant for $5.4 billion (approximately Rs 41,570), adding a boost as rivals Microsoft and Amazon also look to beef up the security of their growing cloud units. their fast.
The deal will strengthen By Google operates its cloud computing business, which generates more than $19 billion (approximately Rs 1,46,260) annually and strengthens its security operations and consulting services, the company said on Tuesday.
Information report First news on Monday.
Microsoft is also said to be eyeing a Mandiant acquisition, according to news reports. The software giant had previously forecasted spending $20 billion (about Rs 1,53,940) on cybersecurity over the next five years.
Google’s offer of $23 (about Rs 1,770) per share represents about 53% premium to Mandiant’s share price before it was reported that Microsoft was eyeing a deal.
Shares of Mandiant 2% off, meanwhile Alphabet rose 0.2% to $2532.20 (about Rs 1,94,900) in pre-market trading on Tuesday.
Mandiant, which focuses on cyber incident response and cybersecurity auditing, became an independent organization last year when Fiery eyesacquired the company in 2013, selling its products business and the FireEye name for $1.2 billion (approximately Rs 9,230) to a consortium led by private equity firm Symphony Technology Group .
The company has been the target of news organizations and companies investigating cyber attacks, including recent breaches at News Corp and Nvidia.
The deal is expected to close by the end of this year.
© Thomson Reuters 2022
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