(The Epoch Times)—Google and its parent company Alphabet, Inc. announced a definitive agreement to acquire Wiz, Inc., a leading cloud-security firm, in an all-cash transaction valued at $32 billion, according to a company press release on March 18.
The acquisition, once finalized, will mark Google’s largest purchase in its 25-year history and is expected to bolster its Google Cloud business amid the growing demand for cybersecurity solutions in the AI-driven cloud era.
Wiz, based in New York, provides an intuitive security platform that integrates with major cloud providers, helping organizations prevent cybersecurity incidents. Its customers range from startups to large enterprises and government agencies.
Once the deal closes, Wiz will operate under Google Cloud while continuing to support multi-cloud environments, including Amazon Web Services (AWS), Microsoft Azure, and Oracle Cloud, the company stated in the release.
“From its earliest days, Google’s strong security focus has made us a leader in keeping people safe online,” said Sundar Pichai, CEO of Google and its parent company Alphabet. “Today, businesses and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers. Together, Google Cloud and Wiz will turbocharge improved cloud security and the ability to use multiple clouds.”
According to the Associated Press, Wiz, founded in 2020, has experienced rapid growth and has been considered an industry innovator.
It was previously reported that Google had expressed interest in acquiring the company last year, offering $23 billion, a bid Wiz reportedly declined. The finalized $32 billion deal underscores the increasing value of cloud security as companies adopt AI-driven services.
“Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler to use for organizations of any size and industry,” Thomas Kurian, CEO of Google Cloud, highlighted the synergy between the two companies. “Enabling more companies to prevent cyber attacks, including in very complex business software environments, will help organizations minimize the cost, disruption, and hassle caused by cybersecurity incidents.”
Assaf Rappaport, co-founder and CEO of Wiz, expressed confidence in the collaboration, adding both companies were “fully committed to continuing to support and protect customers across all major clouds, helping keep them safe and secure wherever they operate.”
“This is an exciting moment for our company, but an even more important one for customers and partners, as this acquisition will bolster our mission to improve security and prevent breaches by providing additional resources and deep AI expertise,” Rappaport said in the press release.
The acquisition is expected to enhance Google’s cybersecurity capabilities in several ways, including automating security operations, reducing costs for customers, and offering a comprehensive end-to-end security platform. In addition, Google Cloud intends to maintain Wiz’s current partnerships and offerings on third-party cloud platforms.
The deal will likely be subject to regulatory scrutiny, as antitrust regulators continue to scrutinize large tech acquisitions.
The Federal Trade Commission’s new chair, Andrew Ferguson, has indicated plans to maintain a rigorous review process for mergers, particularly in the technology sector. The acquisition remains contingent on regulatory approvals and other customary closing conditions.
The Associated Press contributed to this report.
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