Washington : Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday.
Google, a subsidiary of Mountain View, California-based Alphabet Inc., will pay $23 per Mandiant share in all-cash deal expected to close this year.
The price represents a 57% premium on Mandiant’s share price in early February, when speculation about a deal between the companies first surfaced.
Mandiant, based in Reston, Virginia, and its 5,300 employees will join Google Cloud as soon as the transaction closes.
“The Mandiant brand is synonymous with unmatched insights for organizations seeking to keep themselves secure in a constantly changing environment,” said Google Cloud CEO Thomas Kurian.
“This is an opportunity to deliver an end-to-end security operations suite and extend one of the best consulting organizations in the world.”
