Google announced today a definitive agreement to acquire leading cloud security platform Wiz for $32 billion in an all-cash transaction.
Wiz was founded in 2020 and has become one of the largest cybersecurity firms focusing on securing cloud services. The company offers an online cybersecurity platform that connects to different cloud providers, enabling organizations to detect and mitigate security risks across various environments from a single dashboard.
Wiz says its products will continue to work across all major cloud platforms, including Amazon Web Services, Microsoft Azure, and Oracle Cloud.
“Today, businesses and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers,” said Sundar Pichai, CEO of Google, in a joint press release.
“Together, Google Cloud and Wiz will turbocharge improved cloud security and the ability to use multiple clouds.”
Assaf Rappaport, co-founder and CEO of Wiz, also highlighted the importance of making cybersecurity more accessible to organizations across various cloud platforms.
This acquisition comes as cybersecurity threats are increasingly targeting cloud platforms to steal data, conduct cyber espionage, and as a springboard to breach internal corporate networks.
According to the Associated Press, this is Google’s largest acquisition to date, illustrating the company’s focus on cybersecurity in cloud computing.
Bloomberg reported that Wiz previously rejected a $23 billion offer from Google last year, with the company instead pursuing an IPO.
If closed, Wiz will become part of Google Cloud Security’s portfolio, including Google Security Operations, Security Command Center Enterprise, Chrome Enterprise. and Mandiant Consulting. Google purchased Mandiant in 2022 for $5.4 billion.
The transaction is subject to regulatory approvals and is anticipated to close in 2026.
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