United States. Mandiant announced that it has entered into a definitive agreement to be acquired by Google LLC for $23.00 per share in a cash transaction valued at approximately $5.4 billion, including Mandiant's net cash.
Following the closing of the acquisition, Mandiant will join Google Cloud.
For the past 18 years, Mandiant has provided unparalleled frontline expertise and industry-leading threat intelligence. Mandiant's more than 600 consultants currently respond to thousands of security breaches each year. Coupled with research from more than 300 intelligence analysts, this resulting insights are what drive Mandiant's dynamic cyber defense solutions, which are delivered through the multi-vendor managed XDR platform, Mandiant Advantage.
Google Cloud has made security the cornerstone of its commitment to customers and users around the world, incorporating cloud-native security into the foundation of its technology to block malware, phishing attempts, and potential large-scale cyberattacks. The acquisition of Mandiant underscores Google Cloud's commitment to enhancing its security offerings to better protect and advise customers in their on-premises and cloud environments.
The acquisition will complement Google Cloud's existing strengths in security. Together with Mandiant, Google Cloud will offer a suite of end-to-end security operations with even greater capabilities, as well as advisory services that will help customers address critical security challenges and stay protected at every stage of the security lifecycle.
"Cybersecurity is a mission, and we believe it is one of the most important of our generation. Google Cloud shares our mission-driven culture of bringing security to all organizations," said Kevin Mandia, CEO of Mandiant. "Together, we will deliver our expertise and intelligence at scale through the Mandiant Advantage SaaS platform, as part of the Google Cloud security portfolio. These efforts will help organizations effectively, efficiently and continuously manage and configure their complex mix of security products."
"The Mandiant brand is synonymous with unmatched information for organizations looking to stay secure in an ever-changing environment," said Thomas Kurian, CEO of Google Cloud. "This is an opportunity to offer a suite of end-to-end security operations and expand one of the best consulting organizations in the world. Together we can have a profound impact on cloud protection, accelerate the adoption of cloud computing, and ultimately make the world safer."
The acquisition is subject to customary closing conditions, including receipt of Mandiant's shareholder and regulatory approvals, and is expected to close later this year. Goldman Sachs & Co. LLC is acting as exclusive financial advisor and Wilson Sonsini Goodrich & Rosati P.C. is acting as legal advisor to Mandiant.
