Google Agreed to acquire cyber security company Mandient At $5.4 billion, it is the second largest deal ever. With Mandant, AlphabetGoogle gets more tools to protect its cloud clients by quickly responding to online threats. Working to recruit and support Cloud customers amid stiff competition from the company Microsoft And Amazon.Com,
According to a statement on Tuesday, Google will buy Mandient in a cash deal for $23 per share. After the deal closes, Mandient will be part of Google’s cloud business.
Microsoft was also interested in Mandient, but pulled out of talks more than a week ago, said two people with knowledge of the discussions, who asked not to be identified because the situation is private. According to one of the folks, Microsoft ended its acquisition discussions over concerns that Mandiant’s collection of security businesses was not a strategic fit enough.
The cloud business can help Google diversify beyond advertising, which comprises the bulk of its revenue and profit. under the chief executive officer Thomas KurianWho took over in 2019, Google Cloud has looked for a myriad of ways to expand, working to make the service more reliable and improving its partnership to engineer bespoke projects for more customers.
According to a statement on Tuesday, Google will buy Mandient in a cash deal for $23 per share. After the deal closes, Mandient will be part of Google’s cloud business.
Microsoft was also interested in Mandient, but pulled out of talks more than a week ago, said two people with knowledge of the discussions, who asked not to be identified because the situation is private. According to one of the folks, Microsoft ended its acquisition discussions over concerns that Mandiant’s collection of security businesses was not a strategic fit enough.
The cloud business can help Google diversify beyond advertising, which comprises the bulk of its revenue and profit. under the chief executive officer Thomas KurianWho took over in 2019, Google Cloud has looked for a myriad of ways to expand, working to make the service more reliable and improving its partnership to engineer bespoke projects for more customers.