Middle East

Microsoft is considering a deal with cybersecurity company Mandiant

According to people familiar with the discussion, Microsoft is considering bidding on the cybersecurity investigation and incident response company Mandiant. This is a transaction that strengthens efforts to protect customers from hacking and infringement.

The discussion was private, so the person who asked not to reveal his identity said the deliberations may not lead to an offer. Mandiant and Microsoft declined to comment. Following the report, New York Mandiant shares rose 22% to $ 18.37 and Microsoft shares rose about 1% to $ 303.83.

Adding a Mandiant with a market value of approximately $ 3.7 billion will accumulate Microsoft products to protect clients and respond to cybersecurity threats.

The software giant acquired two small cybersecurity companies last year and said last month that security software sales reached $ 15 billion in 2021, up nearly 45% year-on-year. Last year, the company appointed former Amazon.com cloud executive Charlie Bell to oversee security efforts, saying it employs 3,500 people to protect customers from chips to the cloud.

Mandiant became an independent company again last year when FireEye, which acquired Mandiant in 2013, sold its eponymous security products business to a consortium led by the Symphony Technology Group for $ 1.2 billion. While FireEye’s products focus on network, email, and cloud system security, Mandiant’s work, based in Milpitas, Calif., Is primarily in the case of incident response and cyber intelligence.

Cyber ​​threats are becoming more serious worldwide, and Microsoft products are often cross-shaped. In March 2021, an attacker linked to China used a code flaw in Microsoft’s Exchange software to break into tens of thousands of organizations. In a breach disclosed in December 2020, a Russian hacker compromised the popular software of the Texas-based company SolarWinds and inserted malicious code into the SolarWinds software update. The attack also affected many of Microsoft and its customers.

In October, based in Redmond, Washington, Microsoft launched a new campaign in which hackers behind the SolarWinds cyberattack target technology supply chains, including cloud technology resellers and providers, to jeopardize their global network. Said he was engaged.

read: Mandiant and SentinelOne Announce Strategic Partnership



https://gulfbusiness.com/microsoft-considers-pursuing-a-deal-for-cybersecurity-firm-mandiant/ Microsoft is considering a deal with cybersecurity company Mandiant

Back to top button