Washington, March 8 (BUS) – Google is boosting its cloud services with the $5.4 billion acquisition of cybersecurity company Mandiant, the two companies announced Tuesday.
Google, a subsidiary of Alphabet Inc. California-based, $23 per Mandiant share in all cash deals expected to close this year.
The price represents a 57% premium to Mandiant’s share price in early February, when speculation about a deal between the two companies first surfaced.
Mandiant, based in Reston, Virginia, and its 5,300 employees will join Google Cloud once the deal closes, the AP reports.
“The Mandiant brand is synonymous with unparalleled insights for organizations seeking to maintain their security in an ever-changing environment,” said Google Cloud CEO Thomas Kurian.
“This is an opportunity to offer a comprehensive security operations suite and expand one of the world’s best consulting firms.”
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