Mandiant shares rose over 3% in premarket trading as Microsoft considers pursuing a deal Mandiant.
Microsoft Corp. is in talks to acquire cybersecurity research and incident response company Mandiant Inc., according to people familiar with the discussions, a deal that would bolster efforts to protect customers from hacks and breaches.
The deliberations may not result in an offer, said the people, who asked not to be identified because the talks are private. Mandiant and Microsoft declined to comment.
Adding Mandiant would build up Microsoft’s arsenal of products for protecting clients and responding to cybersecurity threats. The software giant bought two smaller cybersecurity companies last year, and said last month that it had amassed $15 billion in security software sales in 2021, up almost 45% from a year earlier. The company last year named former Amazon.com Inc. cloud executive Charlie Bell to oversee its security efforts, and said it had 3,500 employees working to safeguard customers “from the chip to the cloud.”
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments