After months of anticipation, Google has completed its $5.4 billion acquisition of Mandiant to merge it with Google Cloud.
Google announced completion of the deal on Monday. This widens the scope of Google Cloud’s security services by bringing in Mandiant’s deep threat intelligence resources.
On Sept. 9, the Nasdaq issued a statement saying that was the anticipated final day of trading for Mandiant’s stock.
“If the merger closes as anticipated, the stock will remain halted on the day of closing (Sept. 12) and will be suspended effective Sept. 13,” it said.
Keep up with the latest channel-impacting mergers and acquisitions in Channel Futures's M&A roundup. The Department of Justice approved the deal in July. It granted early termination of the waiting period for the transaction to proceed. Regulatory approvals remained in certain foreign jurisdictions.
Google Cloud Continues Mandiant’s Mission
Thomas Kurian is Google Cloud‘s CEO. He said Google Cloud and Mandiant both benefit from the acquisition.
“Combining Google Cloud’s existing security portfolio with Mandiant’s leading cyber threat intelligence will allow us to deliver a security operations suite to help enterprises globally stay protected at every stage of the security life cycle,” he said. “With the scale of Google’s data processing, novel analytics approaches with AI and machine learning, and a focus on eliminating entire classes of threats, Google Cloud and Mandiant will help organizations reinvent security to meet the requirements of our rapidly changing world.”
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