Google is making the largest ever acquisition in its historical past by means of buying cloud safety corporate Wiz in an all-cash deal value $32 billion.
“This acquisition represents an funding by means of Google Cloud to boost up two huge and rising traits within the AI technology: progressed cloud safety and the facility to make use of a couple of clouds (multicloud),” the tech large mentioned lately.
It added the purchase, which is topic to regulatory approvals, is supposed to offer consumers with a “complete safety platform” that secures trendy IT environments.
Google Cloud CEO Thomas Kurian mentioned by means of bringing its cloud choices and Wiz in combination, the transfer will “spur the adoption of multicloud cybersecurity, using multicloud, and festival and enlargement in cloud computing.”
Wiz CEO Assaf Rappaport mentioned it’s going to stay an impartial multicloud platform even after the deal is closed, and that it’s going to paintings with different cloud corporations like AWS, Azure, and Oracle.
The advance comes slightly over 3 years after Google obtained Mandiant for $5.4 billion. It additionally arrives greater than seven months after the corporate unsuccessfully attempted to procure Wiz for a reported price ticket of $23 billion.
Google’s different security-related acquisitions come with VirusTotal (in September 2012) and Siemplify (in January 2022).