Google announced that it has inked a deal with Mandiant, a cyber security firm, for nearly US$5.4 billion. This deal would be Google’s second-largest acquisition subject to regulatory approvals. Google and Mandiant came to an agreement where Google will spend US$5.4 billion to acquire Mandiant. This amounts to US$23.00 a share or a 57% premium. This deal is as part of an effort to better protect its cloud customers.

Mandiant was the FireEye umbrella before that brand was sold. FireEye was credited with helping Microsoft discover the SolarWinds hack that attacked government systems in 2019 and 2020.

Analyzing Google’s Top Acquisitions:

This acquisition is a strategy to differentiate itself as a secure cloud services provider with growing cybersecurity threats to corporations and cyber-attacks increasing by the day and cyber warfare underway from Russia/state-sponsored cyber-terrorism organizations, Google's Move will help create a competitive advantage against its larger competitors Microsoft and Amazon.

As of April 2021, Skyquest analyzed that the worldwide cloud market grew 35% this quarter to $41.8 billion. AWS has 32% of the market, followed by Azure at 18%, Google at 8%, IBM Cloud and Alibaba Cloud close to 5% among other players’ holding a 32% share in the market.

Key Player’s Cloud Market Share (%):

This would also make the cybersecurity space the next hot thing for other giants too. Some other players like Varonis, Tenable, CyberArk, Qualys, Rapid7, SailPoint and Ping stand out as potential M&A candidates in cyber security. There are a handful of vendors focus on protecting next-generation cloud workloads from cyber-attacks.

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Here’s is the market map of cybersecurity companies:

We Analyzed Top 10 Last Year’s Deal:

• In December 2021, Cybersecurity SaaS vendor ZeroFox announced the acquisition of a digital privacy protection firm IDX. The estimated market valuation would be $1.4 billion.
• In November 2021, Schwarz Group, the fourth-largest retailer worldwide, announced to acquire a majority of stake in cloud security vendor XM Cyber.
• In November 2021, GB Group (GBG) signed an agreement to buy Acuant for $736 million. Acuant is a provider of identity verification and KYC/AML compliance products.
• In November 2021, IBM Corporation announced the acquisition of endpoint security vendor ReaQta, to expand its threat detection and response capabilities. ReaQta's AI-based endpoint security products have the capability to automatically identify and manage threats.
• In August 2021, Enterprise security provider Check Point Software Technologies completed the acquisition of cloud email security company Avanan. This will enhance Check Point's security capabilities to collaboration suites such as Teams and Slack.
• In August 2021, Deloitte Risk & Financial Advisory completed the acquisition of aeCyberSolutions to boost ICS offerings. Prior in July, the company also expanded its threat intelligence offerings with the acquisition of Terbium Labs.
• In July 2021, Microsoft Corporation acquired the CIEM provider CloudKnox Security to enhance its cloud security offerings. In the same month, the company also announced its intent to acquire global threat intelligence and attack service management firm RiskIQ to improvise its security capabilities for digital transformation and hybrid work.
• In April 2021, Thoma Bravo announced its intent to acquire cybersecurity and compliance company Proofpoint. The deal was finalized for US$12.3 Billion.
• In March 2021, McAfee Corp. sold its enterprise security business to Symphony Technology Group (STG) for $4 billion. The Symphony Technology Group (STG) is an investment group led by a private equity firm. STG had earlier acquired RSA from Dell Technologies in February 2020.
• In March 2021, Okta announced the acquisition of an enterprise identity management services provider Auth0. The estimated market valuation of the deal was $6.5 billion.

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At Skyquest we are tracking the global cloud computing market closely. Refer to our complete product catalogue here:

• Global Cloud Computing Market
• Global IaaS Market
• Global PaaS Market
• Global SaaS Market

…and many more!