Google Buys Mandiant For $5.4B
March 8, 2022
Acquisition to bring Google speed and scale to Mandiant’s
unparalleled intelligence and expertise – at a time when
security has never been more important
has entered into a definitive agreement to be acquired by Google
for $23.00 per share in an all-cash transaction valued at
approximately $5.4 billion, inclusive of Mandiant’s net cash.
The offer price represents a 57% premium to the undisturbed
10-day trailing volume weighted average price as of February 7,
2022, the last full trading day prior to published market
speculation regarding a potential sale of the Company. Upon the
close of the acquisition, Mandiant will join Google Cloud.
For the past 18 years, Mandiant has delivered unparalleled
frontline expertise and industry-leading threat intelligence.
Mandiant’s more than 600 consultants currently respond to
thousands of security breaches each year. Paired with research
from more than 300 intelligence analysts, these resulting
insights are what power Mandiant’s dynamic cyber defense
solutions – delivered through the managed multi-vendor XDR
platform, Mandiant Advantage.
Google Cloud has made security the cornerstone of its commitment
to customers and users around the world – building cloud-native
security into the foundation of its technology to block malware,
phishing attempts and potential cyber attacks at scale. The
Mandiant acquisition underscores Google Cloud’s commitment to
advancing its security offerings to better protect and advise
customers across their on-premise and cloud environments.
The acquisition will complement Google Cloud’s existing
strengths in security. Together with Mandiant, Google Cloud will
deliver an end-to-end security operations suite with even
greater capabilities as well as advisory services helping
customers address critical security challenges and stay
protected at every stage of the security lifecycle.
security is a mission, and we believe it’s one of the most
important of our generation. Google Cloud shares our
mission-driven culture to bring security to every organization,”
said Kevin Mandia, CEO, Mandiant. “Together, we will deliver our
expertise and intelligence at scale via the Mandiant Advantage
SaaS platform, as part of the Google Cloud security portfolio.
These efforts will help organizations to effectively,
efficiently and continuously manage and configure their complex
mix of security products.”
“The Mandiant brand is synonymous with unmatched insights for
organizations seeking to keep themselves secure in a constantly
changing environment,” said Thomas Kurian, CEO, Google Cloud.
“This is an opportunity to deliver an end-to-end security
operations suite and extend one of the best consulting
organizations in the world. Together we can make a profound
impact in securing the cloud, accelerating the adoption of cloud
computing, and ultimately make the world safer.”
The acquisition is subject to customary closing conditions,
including the receipt of Mandiant stockholder 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