On Tuesday, March 18, Google announced that it has officially agreed to buy Wiz Inc., a cybersecurity company based in New York, for $32 billion.
This is Google’s biggest all-cash deal ever, as the company plans to integrate Wiz Inc. into its Google Cloud business.
Google Cloud stated that this acquisition is a strategic move to strengthen cloud security and support multi-cloud capabilities in the AI era.
As of 9:12 a.m. (EDT) in the pre-market session, Alphabet Inc. shares were slightly up by 0.07%, trading at $164.34 on the Nasdaq Composite, compared to $164.29 at the previous U.S. market close.
Google CEO Sundar Pichai emphasized the company’s long-standing commitment to security, which has made it a leader in online safety. He stated that businesses and governments using cloud services now seek stronger security and more flexibility in choosing cloud providers. By joining forces, Google Cloud and Wiz aim to enhance cloud security and simplify multi-cloud usage.
Google plans to use Wiz’s expertise to strengthen security across its cloud business, protecting it from foreign threats while driving growth with Wiz’s technology.
This partnership will enhance the design, operation, and automation of security services, offering customers a complete security platform—especially as AI continues to evolve.
With the rise of AI and the increasing use of cloud services, cybersecurity has become more crucial than ever in protecting businesses and national security, Google stated.
The company confirmed that Wiz’s security tools will remain available on all major cloud platforms, including AWS, Microsoft Azure, and Oracle Cloud, even after the acquisition.
According to a Reuters report on Tuesday, Google initially offered $23 billion for Wiz in 2024, but antitrust concerns delayed the deal before it was finalized.
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