Google is making the most important ever acquisition in its historical past by buying cloud safety firm Wiz in an all-cash deal value $32 billion.
“This acquisition represents an funding by Google Cloud to speed up two giant and rising tendencies within the AI period: improved cloud safety and the power to make use of a number of clouds (multicloud),” the tech big said immediately.
It added the acquisition, which is topic to regulatory approvals, is supposed to supply clients with a “complete safety platform” that secures trendy IT environments.
Google Cloud CEO Thomas Kurian said by bringing its cloud choices and Wiz collectively, the transfer will “spur the adoption of multicloud cybersecurity, using multicloud, and competitors and progress in cloud computing.”
Wiz CEO Assaf Rappaport said it is going to stay an unbiased multicloud platform even after the deal is closed, and that it’ll work with different cloud corporations like AWS, Azure, and Oracle.
The event comes a bit of over three years after Google acquired Mandiant for $5.4 billion. It additionally arrives greater than seven months after the corporate unsuccessfully tried to acquire Wiz for a reported price ticket of $23 billion.
Google’s different security-related acquisitions embrace VirusTotal (in September 2012) and Siemplify (in January 2022).
