Google has agreed to pay R82.5 billion (in cash), to acquire one of the most well-established companies that track sophisticated cyber attacks – Madiant. The acquisition puts Google in a prime position in combatting cyber crime and digital warfare.
Google Looking to Boost Cloud Computing Business
With Google wanting to boost its cloud computing business in hopes of biting at the heels of Amazon and Microsoft, the all-cash deal with Mandiant is the internet giant’s next step to achieving this.
According to Thomas Kurian, CEO of Google Cloud:
“[The deal was a response to the fact that] the sophistication and severity of attacks that were previously used to target major governments are now being used to target companies in the every industry.”
As a recognised leader in strategic advisory, Mandiant brings real-time and in-depth threat intelligence gained on the frontlines of cybersecurity with the largest organisations in the world. In combination with Google Cloud’s cloud-native security offerings, the acquisition will help enterprises globally staying protected at every stage of the security lifecycle:
- Advisory Services
- Threat Detection and Intelligence
- Automation and Response Tools
- Testing and Validation
- Managed Defense
Founder and CEO of Mandiant, Kevin Mandia, announced that the immense reach of Google’s network in combination with it’s AI capabilities would make it possible to automate a lot of his company’s work.
The deal with Mandiant is Alphabet’s second-largest to date. Although it does come at a time when the internet giant is under intense antitrust scrutiny.
