Google closes $5.4 billion acquisition of cybersecurity firm Mandiant - Silicon Valley Business Journal

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Google's deal to buy up a Reston cybersecurity firm closed Monday. Under the sale, the local company's executives stand to make millions M&A

, Chief Accounting Officer James Medina and Peter Bailey, executive vice president of Mandiant Solutions.

Mandiant’s software-as-a-service product assists customers in detecting and preventing cyberattacks, a growing problem for agencies, financial firms and others. The company was sold previously to Milpitas-based FireEye Inc. in 2013, shifting its home base there until last year, when itin a $1.2 billion deal, relocate to the D.C. region and rebrand itself as Mandiant once again.

Mandia, who founded the original company in 2004, holds 3.07 million shares, both directly and indirectly through trusts and family members, according to SEC filings. On top of that, Mandia will receive up to 312,157 restricted stock units and 315,999 performance share units through the date of the merger’s closing. Thus, his total stock value on paper is $85.1 million under this deal with Google.

 

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