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Beefing up its cybersecurity, Google buys Mandiant for $5.4B
3/8/22 at 10:39am
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OC Register
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almost 4 years ago
By MATT OTT SILVER SPRING, Md. (AP) — Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday. The acquisition is the first of many that analysts foresee in the cyber security sector following Russia’s invasion of Ukraine. “In a massive growth backdrop for cyber security and further tailwinds seen during this Ukraine invasion from Russia bad actors/nation state attacks, we believe today’s deal is the tip of the iceberg to a massive phase of consolidation potentially ahead for the cloud space,” Wedbush analyst Dan Ives wrote Tuesday. “The security arguments Google is using to justify its second largest acquisition in history are the very same reasons why antitrust enforcers must block this deal,” said Krista Brown of the American Economic Liberties Project. ”
https://www.ocregister.com/2022/03/08/beefing-up-its-cybersecurity-google-buys-mandiant-for-5-4b/
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