10 October 2022 | Trades | Technology | CEOs

Google strengthens cybersecurity with Mandiant acquisition

Google announced its purchase of cybersecurity enterprise Mandiant for $5.4 billion, pointing to the scope of the company's ambitions in the sector.

The deal is aimed at fostering Google's capacity to investigate cyber threats, i.e. the area where Mandiant has become widely known, as Google Cloud chief information security officer Phil Venables noted at a conference.

“I would like to stress this is contributing to additional data about prospective threats," Venables claimed. “In case you take a closer look at things we have at Google, incorporating the complementary ones from VirusTotal and our other threat analysis capabilities, this scope provides an integrated set of security operations. Google, in turn, is already powerful, with Mandiant only getting stronger.”

Venables sent a clear message about Google Cloud's cybersecurity ambitions being huge, with the deal amount being definitive. This acquisition is the second largest in Google's history, second only to the $12.5 billion buyout of Motorola a decade ago. 

In fact, the deal was regarded as a positive sign by the cybersecurity industry that one of Big Tech's most legendary names is taking the increasingly risky cyberspace seriously, said Andrew Rubin, Illumio CEO and co-founder. 

“Google, acting as a cyber-oriented corporation, demonstrates security as its prime concern,” he noted. "It's encouraging to see industry titans defending cloud environments against today's threats.” 

Analysts share the following opinion: In case Google is willing to develop its cloud business, it needs to beef up security. 

"The Google and Mandiant deal is considered the most recent in a series of high-profile, billion-dollar cybersecurity purchases over the past several years. And, of course, that won’t be the last.” Rubin mentioned. “If Google is eager to fully immerse in cyberspace, their clients also consider security as a basic tool.”

Company MarketCheese
Period: 29.11.2024 Expectation: 800 pips
Silver buyers get ready to test 31.5 level
Yesterday at 11:27 AM 55
Gold sell
Period: 01.12.2024 Expectation: 8110 pips
Gold loses ground as demand for safe haven assets wanes
Yesterday at 10:04 AM 134
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 29.11.2024 Expectation: 700 pips
AUDCAD does not exit downward trend lines
22 November 2024 50
Period: 02.12.2024 Expectation: 560 pips
Brent oil on its way up after exiting bilateral pattern
22 November 2024 165
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 26.11.2024 Expectation: 2840 pips
Selling USDJPY with target at 152.00 influenced by BoJ policy
21 November 2024 100
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 25.11.2024 Expectation: 700 pips
EURUSD can not move far away from 1.052 level yet
20 November 2024 94
Go to forecasts