Google Cloud completes $32 billion acquisition of cloud security firm Wiz — Here’s what this means
The company announced today that it has acquired Google’s cloud security software company Wiz. In its official statement, the technology giant noted that the $32 billion deal was announced in March last year and is now officially closed.
In a post on social media platform
He added that Wiz’s software will be combined with Google’s Unified Security platform to “help accelerate the adoption of multi-cloud cybersecurity, the use of multi-cloud environments, and drive innovation and growth in cloud computing.”
Quoting Kurian’s post, Alphabet and Google CEO Sundar Pichai wrote: “Welcome to the Wiz team!”
Wiz Co-Founder and CEO Assaf Rappaport said in his statement that this acquisition allows the company to scale. “With Google’s AI leadership and resources combined with Wiz’s deep context and knowledge of cloud and code environments, we are in a stronger position to help our partners and customers prevent breaches before they happen,” he said.
- Google Cloud will also continue to offer customers a broad range of options through a variety of partner security solutions available on the Google Cloud Marketplace.
Everything you need to know about Wiz
Wiz Security Platform combines code, cloud, and runtime into a single shared context, allowing security and engineering teams to understand risk, remediate issues, and stop emerging threats.
Wiz’s client list includes 50% of the Fortune 100 and leading global organizations, including Shell, BMW, LVMH, Morgan Stanley, Mars, Salesforce, Takeda, Colgate-Palmolive and Aon, the statement said.
According to a Reuters report, Google offered $23 billion for Wiz Inc. in 2024 before antitrust concerns began to loom over the big tech firm and the deal was delayed. The deal now will help Google catch up with Amazon and Microsoft in the competitive cloud computing market, where the internet search company’s cloud business has turned a profit in recent quarters after years of losing money.
Founded by Israelis and headquartered in New York, Wiz’s investors include Sequoia Capital, Index Ventures, Insight Partners and Cyberstarts. Last year, the company was valued at $12 billion in a financing round.
