The acquisition, Google’s second-biggest ever, signals that the Alphabet Inc company has stepped off the sidelines of large dealmaking despite intense regulatory scrutiny. As it seeks to expand its third-place cloud-infrastructure unit, which sells computing power and storage via the Internet, buying Mandiant will give Google a fuller range of software tools to protect clients by responding quickly to online threats.
Microsoft was also interested in Mandiant, but pulled out of talks more than a week ago, said two people with knowledge of the deliberations who asked not to be identified because the negotiations were private. The deal “shows Google’s commitment to becoming a viable, competitive security vendor”, said Neil MacDonald, a research vice president at Gartner Inc. “Mandiant fills in a missing piece, which is strengthening up the security research capabilities of Google and it brings a detection and response platform to Google that Chronicle alone did not have.”
“Organisations are facing cybersecurity challenges that have accelerated in frequency, severity and diversity, creating a global security imperative,” Kurian said in a blog post. “The cloud represents a new way to change the security paradigm by helping organisations address and protect themselves against entire classes of cyber threats, while also rapidly accelerating digital transformation.”
The security company was founded almost two decades ago by Mandia, a former US Air Force officer, and has gained a reputation for its incident-response services. Its discussions with Google, first reported by the Information website, sent shares of Mandiant up 16% at the close of trading on Monday.
Source: News Formal (newsformal.com)
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