Startup company specializes in protecting cloud functions from online threats
Alphabet, a parent company of Google, today announced the conclusion of a “definitive agreement” for the acquisition of US wiz -collateral startup for $ 32 billion.
The acquisition will be fully in cash and is expected to be completed in 2026. It is by far the largest acquisition that Google has ever made and its parent Alphabet, which enhance their position in IT security, which is considered a growing market. The deal will enhance Google’s Cloud features with Wiz cyber security solutions using artificial intelligence used by companies to eliminate critical risks, helping Google compete with a better position in a industry benefited from the rise of genetic artificial intelligence services such as Chatgpt.
To date, the largest agreement of the California technology giant dates back to 2012, with the acquisition of Motorola Mobility, the former Motorola Equipment Department of Equipment, for $ 12.5 billion. The Wiz, founded just five years ago, had already been approached by Google last year, but the US Startup Cyberp Security Board rejected its bid, which many US media reported that it was $ 23 billion.
In an internal message to New York -based employees, the CEO and co -founder, Asaf Rapaport, stressed that the group preferred to prepare to import the Stock Exchange. A rigorous regulatory environment in 2024 had made it difficult for many companies to make large agreements, but Wall Street is optimistic that the Trump government will cancel some antitrust policies.
Google has come back, increasing its offer significantly, and the technological giant did not hesitate to deposit a price twice as much as Wiz presented during a recent stock selling in late 2024. They are already using the most innovative technologies to move faster, “said Rapaport, who had described Google’s previous” degrading “offer.
“Artificial intelligence poses new dangers, but also new opportunities,” said Google CEO Sundar Pitsai at a teleconference. Wiz’s integration into Google is likely to “accelerate businesses’ ability to enhance their safety while reducing costs and encouraging cloud computing,” he added.
The growing use of cloud increases the risk of cyberattacks as companies are based on infrastructure on different websites. The rise of artificial intelligence requires the possibilities of processing and storage provided by data centers, which makes the cloud even more necessary. One of the fastest growing software startups, Wiz offers cyber -based solutions based on the cloud.
Wiz works with large cloud providers, such as Amazon Web Services, Microsoft’s Azure, Oracle as well as Google Cloud and one of its customers Morgan Stanley, BMW and luxury LVMH electricity production company.
