Alphabet Inc., which owns Google, said on March 18 that it would buy Wiz. The deal is worth $32 billion, or around 4.8 trillion yen. The transaction is subject to regulatory approvals and other customary closing conditions.
This is Alphabet’s biggest buy yet. It tops the $12.5 billion deal for Motorola Mobility in 2011.
Founded in Israel in 2020, Wiz is a privately held company, and its headquarters are in New York. It offers cloud security solutions. These solutions identify risks on platforms like Google Cloud, AWS, Microsoft Azure, Oracle Cloud, Alibaba Cloud, and Kubernetes. Wiz is experiencing rapid growth. It’s expected to make $500 million in 2024 and reach $1 billion in 2025.
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After the acquisition, Wiz will join Google Cloud. Its security solutions will still be available on all major cloud providers. This move boosts multi-cloud security. As more people use AI, the need for strong cybersecurity grows. Wiz will boost Google’s cloud security. Their skills and technology make it stronger.
