Microsoft is considering buying cybersecurity company Mandiant
Software

Microsoft is considering buying cybersecurity company Mandiant

It became known that Microsoft is examining the possibility of acquiring Mandiant Inc., a company active in the field of information security. About it writes Bloomberg publication citing own informed sources.

Image Credit: Simon Dawson / Bloomberg

Image Credit: Simon Dawson / Bloomberg

It is noted that the deal is currently being discussed, but it is possible that the parties will not be able to reach an agreement. Amid news of a potential takeover, Mandiant shares rose more than 18% during Tuesday’s trading, while Microsoft shares rose 1.1% in value.

The acquisition of Mandiant is expected to help Microsoft expand its arsenal of cyberattack defense tools and protect the company’s customers from all types of attacks. Last year, the software giant bought two small IT security companies. To wrap up 2021, Microsoft announced that it had generated $15 billion in security software revenue, up nearly 45% year over year.

Mandiant became an independent company again last year after FireEye Inc. sold its IT security solutions business to a consortium led by Symphony Technology Group for $1.2 billion. Mandiant itself, which has a market cap of $3.6 billion, specializes in responding to cyber incidents and assessing security levels. Microsoft and Mandiant officials are not commenting on the deal.

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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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