Google has announced its agreement to acquire Wiz, a leading cloud security platform, for $32 billion in an all-cash transaction. The acquisition is expected to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (multicloud).
Wiz delivers an easy-to-use security platform that connects to all major clouds and code environments, helping organizations prevent cybersecurity incidents. Google Cloud will leverage Wiz’s innovative solutions to enhance its own security capabilities, providing customers with a more comprehensive and scalable security platform.
The acquisition is expected to bring several benefits, including vastly improved security design and automation, scaling cybersecurity teams, reducing the cost of implementing and managing security controls, and boosting the adoption of multicloud security. Wiz’s products will continue to work across all major clouds, and Google Cloud will offer customers a wide range of partner security solutions.
This acquisition marks an exciting moment for both companies, as it bolsters Wiz’s mission to improve security and prevent breaches while providing additional resources and deep AI expertise. The deal is subject to regulatory approvals and other customary conditions before closing.
Google Cloud is the new way to the cloud, providing a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure. With this acquisition, Google aims to further transform businesses by providing a comprehensive and secure platform for organizations to grow and succeed.
Source: https://blog.google/inside-google/company-announcements/google-agreement-acquire-wiz