Google's recent acquisition of Wiz for $32 billion marks its largest purchase to date, aimed at enhancing its cloud security offerings. Wiz, generating around $1 billion in annual revenue, provides FedRAMP-authorized cloud security products that focus on prevention and active detection. This move allows Google to better support agencies transitioning to multi-cloud environments. By acquiring Wiz, Google seeks to compete more effectively with Microsoft in cloud security amidst rising cyber threats and ongoing scrutiny over its core search business operations.
"At the same time, software and (artificial intelligence) platforms are becoming deeply embedded across products and operations, bringing new and evolving risks for private enterprises, governments, and other public sector organizations."
"Cloud is more important than ever, and attackers aren't slowing down," said Wiz CEO and co-founder A.
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