Google Acquires Wiz for $32B, Boosts Cloud Security with AI Wiz
The acquisition is set to drive growth in cloud security, multicloud adoption, and AI innovation, with Wiz's products continuing to support major cloud platforms, ensuring a secure and flexible future for businesses and organizations.
Google has agreed to acquire Wiz, a cloud security platform, for $32 billion in an all-cash transaction, aiming to accelerate improved cloud security and multicloud adoption in the AI era. Wiz's innovative solutions and expertise will enhance Google Cloud's capabilities, while expanding Wiz's reach and resources.
The acquisition is expected to improve cloud security, automate security teams, lower costs, and boost multicloud adoption. Wiz's products will continue to work across all major clouds, including AWS, Azure, and Oracle Cloud platforms, ensuring seamless integration and flexibility. This move demonstrates Google's commitment to securing the future of cloud and AI, leveraging Wiz's expertise to prevent cybersecurity incidents.
The deal is subject to customary closing conditions, including regulatory approvals. Once completed, the acquisition will enable Google Cloud to benefit from Wiz's easy-to-use security platform, which connects to all major clouds and code environments. This will enhance Google Cloud's position in the rapidly growing cloud security market, driven by the increasing adoption of multicloud strategies and AI technologies.
As the cloud security landscape continues to evolve, the combination of Google and Wiz is poised to deliver innovative solutions, addressing the complex security challenges faced by organizations in the AI era. With Wiz joining forces with Google Cloud, the future of cloud security looks promising, and the industry can expect significant advancements in the years to come.