Google acquires cloud security platform Wiz in $32 billion deal

Google has signed a definitive agreement to acquire Wiz, Inc., a New York-based cloud security platform, for $32 billion in an all-cash transaction, the tech firm said in a blog post.

Wiz will join Google Cloud, subject to closing agreements, it added.

In the era of artificial intelligence (AI), the acquisition will help Google improve its cloud security capability while strengthening its ability to use multiple clouds, the company said.

Google chief executive officer Sundar Pichai said that since its early days, the tech firm’s “strong security focus has made us a leader in keeping people safe online.”

” Today, businesses and governments that run in the cloud are looking for even stronger security solutions and greater choices in cloud computing providers,” Pichai said.

Pichai said that together, Google Cloud and Wiz “will turbocharge improved cloud security and the ability to use multiple clouds.”

Both cybersecurity and cloud computing are rapidly growing industries with a vast range of solutions.

The increased use of AI and the adoption of cloud services have transformed the security landscape for customers, making cybersecurity increasingly crucial in defending against emergent risks and protecting national security.

Wiz offers cloud security solutions to startups, enterprises, and governments.

It helps them connect with major clouds and code environments to prevent cybersecurity incidents.

Following the acquisition, Wiz’s product will continue to work and be available across major clouds, including Amazon Web Services, Microsoft Azure, and Oracle Cloud platforms.

Google Cloud will also continue to provide customers with a wide choice through various partner security solutions available in the Google Cloud Marketplace.

Thomas Kurian, CEO of Google Cloud, said, “Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler for organizations of any size and industry. Enabling more companies to prevent cyberattacks, 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 said, “Wiz and Google Cloud are fully committed to continue supporting and protecting customers across all major clouds, helping keep them safe and secure wherever they operate.”