Alphabet, Google’s parent company, has just announced the acquisition of cybersecurity startup Wiz for $32 billion.
This is the largest deal in Alphabet’s history, aiming to strengthen the security capabilities of Google’s cloud services and compete more strongly with rivals such as Microsoft and Amazon.
Wiz’s homepage also announced that the company had merged with Google.
Founded in 2020 by former members of Israel’s 8200 cyber intelligence unit, Wiz has quickly become one of the fastest-growing software companies. The company provides advanced cloud security solutions that help businesses identify and remediate security risks in cloud environments. Prior to the acquisition, Wiz served nearly half of the Fortune 500’s top 100 companies and had annual revenue of about $700 million.
The acquisition of Wiz shows Google’s commitment to improving the security of its cloud services. Google CEO Sundar Pichai stressed that security is a top priority in the context of rapid AI (artificial intelligence) development and the integration of Wiz will help organizations improve their defense systems. According to experts, the successful acquisition of Wiz will help strengthen cloud security, the most important part of cybersecurity, while businesses are facing ransomware.
However, Google will face challenges such as close supervision from regulatory agencies, difficulties in integration and ongoing legal issues. However, the acquisition of Wiz is considered a strategic step to better compete in the cloud and AI fields, and can transfer Wiz’s large customer base to Google Cloud.
Previously in July 2024, Wiz canceled the $ 23 billion acquisition deal and decided to launch an initial public offering (IPO).
Admin.
