Why Google believes buying Mandiant will give it an edge in the cloud wars
https://techmonitor.ai/technology/cloud/why-google-believes-buying-mandiant-will-give-it-an-edge-in-the-cloud-wars
Google stole a march on rival Microsoft yesterday by announcing a deal to purchase cybersecurity vendor Mandiant for $5.4bn. Microsoft had been thought to be in pole position to acquire the company, but it will now be incorporated into Google’s cloud platform instead. This bidding war for Mandiant reflects the company’s high level of threat-detection expertise, but also the belief that offering the best cybersecurity options could be a key factor in the cloud wars.
The deal will see Google pay $23 per share for Mandiant, and is expected to close later this year according to yesterday’s announcement. “There has never been a more critical time in cybersecurity,” said Kevin Mandia, CEO and co-founder of Mandiant. “Since our founding in 2004, Mandiant’s mission has been to combat cyberattacks and protect our customers from the latest threats. To that end, we are thrilled to be joining forces with Google Cloud. Together, we will deliver expertise and intelligence at scale, changing the security industry.”