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Google to Acquire Cybersecurity Startup Wiz for $32B
Alphabet, the parent company of Google, has agreed to acquire cybersecurity startup Wiz for $32 billion in an all-cash transaction, marking one of the tech giant’s most significant moves to bolster its cloud security capabilities. The acquisition is set to enhance Google Cloud’s offerings and provide a stronger defense against rising cyber threats in the cloud computing space, which is currently dominated by Amazon and Microsoft.
Once the deal is finalized, Wiz will be integrated into Google Cloud, further expanding the company’s cloud security portfolio. Google’s CEO, Sundar Pichai, emphasized the growing demand for robust security solutions as businesses and governments increasingly shift to cloud infrastructure. "Today, organizations running in the cloud require even stronger security measures and more flexibility in their choice of cloud providers," Pichai said in a statement. "By combining Google Cloud with Wiz, we aim to accelerate cloud security innovation and empower customers to seamlessly integrate multiple clouds."
Founded just four years ago in New York, Wiz has rapidly become a leader in cloud security, creating cutting-edge tools to safeguard data stored in remote data centers from evolving cyber threats. The company's security solutions have made it a trusted name in the industry, offering organizations an enhanced ability to protect sensitive information.
Google has shown significant interest in Wiz for some time, and the $32 billion price tag is notably higher than a previous offer of $23 billion made last July, which was rejected by the startup. This acquisition signals Google’s ongoing commitment to strengthening its position in the competitive cloud market, particularly in the face of increasing cybersecurity challenges.
With this strategic acquisition, Google is positioning itself as a formidable force in the cloud computing and cybersecurity sectors, further cementing its role as a key player in the digital transformation of businesses worldwide.