Google has agreed to buy cybersecurity company Mandiant (Nasdaq: MNDT) for approximately $5.4 billion, or $23 in cash per share.
The all-cash transaction is expected to be finalized later this year, subject to regulatory clearances, approval by Mandiant’s stockholders and other customary closing conditions, Google said Tuesday.
Mandiant will become part of Google’s cloud computing business upon the deal’s completion and the latter expects the acquisition to further expand its security offerings that help clients protect on-premise and cloud environments.
“We look forward to welcoming Mandiant to Google Cloud to further enhance our security operations suite and advisory services, and help customers address their most important security challenges,” said Google Cloud CEO Thomas Kurian.
The deal comes five months after cybersecurity technology vendor FireEye changed its name to Mandiant.
Kevin Mandia, Mandiant CEO, said the company seeks to offer expertise and intelligence at scale through the Mandiant Advantage software-as-a-service platform as part of Google Cloud’s portfolio of security offerings.
The Advantage Services offering is currently listed with Federal Risk and Authorization Management Program “Ready” designation on the government’s cloud marketplace.
Google Cloud is working with the Department of Defense’s innovation arm to implement a container-based application access and monitoring platform across the unit. DOD also invited the company in late 2021 to compete for the Joint Warfighting Cloud Capability contract.