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A person walks past a 12-story building alleged in a report on February 19, 2013 by the Internet security firm Mandiant as the home of a Chinese military-led hacking group after the firm reportedly traced a host of cyberattacks to the building in Shanghai's northern suburb of Gaoqiao. Mandiant said its hundreds of investigations showed that groups hacking into US newspapers, government agencies, and companies 'are based primarily in China and that the Chinese government is aware of them.'
The ubiquitous photo app Instagram was bought by Facebook for $1 billion back in 2012. Yahoo bought Tumblr, the popular social network, for $1 billion in 2014. It’s only three days into the new year and already we have a new tech entrant into the $1 billion acquisition club.
The company is Mandiant. Who, you ask. Mandiant is the Virginia-based cybersecurity firm that rose to fame last year when it pinpointed the location of an elite Chinese military unit of hackers that was allegedly involved in hacking U.S. companies. FireEye, a tech company in the Silicon Valley, is the buyer. The generous price tag signals the importance of cybersecurity in our hyper-connected world, but the Mandiant sale isn’t the first major M&A deal in the industry.
Anurag Rana, Senior IT Analyst at Bloomberg Industries
George Kurtz, CEO and co-founder of CrowdStrike, a cybersecurity firm based in Irvine