Google to Acquire Cloud Security Firm Wiz in $32 Billion Deal

Google has announced it will acquire cloud security startup Wiz for $32 billion. If completed, the acquisition — an all-cash deal — would mark the largest in Google's history. The deal is pending regulatory approval and customary closing conditions.

Once the deal closes, Google plans to integrate Wiz into Google Cloud to bolster its efforts in two key spaces. "This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (multicloud)," wrote Google in a news announcement.

Google said that Wiz's technology will improve its cloud services in the following ways:

  • Automate security operations to reduce manual intervention.
  • Lower security costs for businesses of all sizes.
  • Enhance breach prevention and response in cloud environments.
  • Encourage multicloud adoption, improving flexibility for enterprises.

Wiz has rapidly grown in the cloud security posture management (CSPM) and cloud-native application protection (CNAPP) space since emerging in 2020. Its solutions are widely used by enterprises such asBMW, Salesforce and Slack. Google has pursued the company for some time and offered $23 billion to acquire the company last July — an offer that was rejected.

Google said the acquisition will allow Wiz to scale its technology while continuing to operate independently across major cloud . Wiz said the move will help the company to further grow its technology.

"We expect this change to enable us to execute and innovate even faster," said Assaf Rappaport, CEO of Wiz. "Becoming part of Google Cloud is effectively strapping a rocket to our backs: it will accelerate our rate of innovation faster than what we could achieve as a standalone company."

"Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler to use for organizations of any size and industry," said Thomas Kurian, CEO of Google Cloud. "Enabling more companies to prevent cyber attacks, including in very complex business software environments, will help organizations minimize the cost, disruption and hassle caused by cybersecurity incidents."

For more information, go to the Google blog post.

About the Author

Chris Paoli (@ChrisPaoli5) is the associate editor for Converge360.

Featured

  • Two figures, one male and one female, stand beside a transparent digital interface displaying AI symbols like neural networks, code, and a shield, against a clean blue gradient background.

    Microsoft-IDC Report Makes Business Case for Responsible AI

    A report commissioned by Microsoft and published last month by research firm IDC notes that 91% of organizations use AI tech and expect more than a 24% improvement in customer experience, business resilience, sustainability, and operational efficiency due to AI in 2024.

  • group of educators working on computer

    Improve Teacher-Student Satisfaction by Removing Procurement Obstacles

    Intuitive tools help teachers gain flexibility and control over purchases, and more time back for doing what they love.

  • abstract geometric pattern of glowing interconnected triangles, hexagons, and circles in blue, gold, and white, spread across a dark navy-to-black gradient background

    OpenAI Introduces 'Operator' AI for Performing Web Tasks

    OpenAI has announced "Operator," an AI agent designed to perform web-based tasks autonomously using its own browser. Currently available as a research preview for Pro users in the United States, the tool aims to automate everyday activities such as filling out forms, ordering groceries, and even creating memes.

  • horizontal stack of U.S. dollar bills breaking in half

    ED Abruptly Cancels ESSER Funding Extensions

    The Department of Education has moved to close the door on COVID relief funding for schools, declaring that "extending deadlines for COVID-related grants, which are in fact taxpayer funds, years after the COVID pandemic ended is not consistent with the Department’s priorities and thus not a worthwhile exercise of its discretion."