fbpx
Zimbabwe intensifies polio surveillanceRead more Face to face with Carlos Aldereguia, European Union Capacity Building Mission (EUCAP) Somalia Senior Coast Guard AdvisorRead more Absa Bank Kenya Partners with Huawei to Build a New Digital Foundation for Branch NetworksRead more Stylish and compact, these new Canon instant printers make creative pursuits easyRead more Nigerian Law Enforcement agencies open investigations on Hawilti and company executives for criminal breach of trust, cheating, defrauding investors schemeRead more Famine looms in Somalia, but many ‘hunger hotspots’ are in deep troubleRead more Launch of the 3rd Edition of the Choiseul Africa Business Forum, a Must-Attend Event for the Business Community in Africa October 19th & 20th, 2022 in Casablanca, MoroccoRead more World’s Biggest Afrobeats Music Festival Afro Nation Extends Partnership with APO Group until 2025Read more Master Trainer (MT) National Meeting on Sustainable Coffee Practices Organized by The International Islamic Trade Finance Corporation in Collaboration with The Sustainable Coffee Platform of Indonesia (SCOPI)Read more Thai Ambassador met the Thai Community in Dar es Salaam and Zanzibar and visited the Buddhist Temple in TanzaniaRead more

Google to spend $5.4 bn on cybersecurity firm Mandiant

show caption
Google is planning to buy a major cybersecurity firm./AFP
Print Friendly and PDF

Mar 09, 2022 - 03:17 AM

NEW YORK — Google announced Tuesday a deal to acquire the cybersecurity firm Mandiant for about $5.4 billion, one of the tech giant’s biggest purchases ever as it works to bolster its cloud computing offer.

Mandiant, which helps customers prepare for or deal with cyberattacks, is expected to join Google Cloud this year, if the acquisition is approved by regulators.

Google is seeking to boost its cloud computing offering, which faces fierce competition from Amazon and Microsoft.

“Organizations around the world are facing unprecedented cybersecurity challenges as the sophistication and severity of attacks that were previously used to target major governments are now being used to target companies in every industry,” Thomas Kurian, CEO of Google Cloud, said in a statement.

Google already offers various services such as VirusTotal, which analyzes suspicious files to detect malware, or BeyondCorp Enterprise, which allows secure access.

Mandiant, founded in 2004, specializes in cyberattack preparedness consulting and incident response services.

Its shares jumped Monday as news of a coming deal began to circulate, and by Tuesday they up roughly eight percent over the past five days.

“In a nutshell this deal was a shot across the bow from Google to Microsoft and Amazon with this flagship cyber security acquisition of Mandiant,” said Wedbush analysts.

The deal could have implications for the entire cybersecurity industry as Amazon and Microsoft are now under pressure to make acquisitions and further strengthen their own cloud platforms, Wedbush added.

Among the potential targets, it added, are Varonis, Tenable, CyberArk, Qualys, Rapid7, SailPoint, and Ping.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.