"This acquisition is an investment by Google Cloud to improve cloud security and enable organizations to build fast and securely across any cloud or AI platform. Wiz, which provides a security platform that helps major cloud environments prevent and respond to cybersecurity threats, will join Google Cloud, but will maintain its brand and commitment to securing customers across all cloud environments."
"Google initially approached Wiz in 2024 with an offer to buy the startup for $23 billion, but Wiz walked away from that offer. Its CEO Assaf Rappaport said at the time that he felt the business could grow to be a lot bigger than that. The companies revived talks early in 2025, and Google last March reached an agreement to buy the Israeli company."
Google finalized its acquisition of Wiz, an Israeli cybersecurity company, for $32 billion in cash, representing Google's largest acquisition to date. Wiz provides a security platform designed to help major cloud environments prevent and respond to cybersecurity threats. The company will integrate into Google Cloud while preserving its brand identity and commitment to securing customers across all cloud environments. Google stated the acquisition aims to improve cloud security and enable organizations to build securely across any cloud or AI platform. The deal took over a year to complete after initial announcement, following negotiations that began in 2024 when Google's first offer of $23 billion was rejected by Wiz's leadership.
Read at TechCrunch
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