Google purchasing startup Wiz for $32 billion

Google has reached a deal with Wiz to purchase cloud cybersecurity.

Google, owned by Alphabet, said on Tuesday that the technology giant will pay 32 billion dollars in cash to the owner of Wiz “taking into account the final amendments.”

The acquisition of all-ash after Wiz rejected a $ 23 billion offer from Alphabet last year due to concerns about anti-monopoly approvals and its goal on focusing on a preliminary general offer.

Cloud Cyblessecuryment will be under Google Cloud as soon as the deal is closed, according to Google. It is expected that the acquisition will be completed in 2026.

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“From its early days, we have made the focus of strong security from Google pioneering in maintaining safe people on the Internet. Today, companies and governments working in the cloud are looking for stronger safety solutions and greater choice in cloud computing outlets,” said Sondar Bishy, ​​CEO of Google in a statement. “Google Cloud and Wiz together improve cloud security and the ability to use multiple clouds.”

Getting Wiz will help enhance their cloud work through cybersecurity solutions that work on behalf of companies to remove important risks, which helps them to compete better in an industry that benefits from the emergence of obstetric intelligence services such as ChatGPT.

The CEO of Wiz Assaf Rappaport said on Tuesday that joining Google Cloud will help the start -up of cloud cybersecurity to accelerate its work and innovation.

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“To become part of Google Cloud, it connects a missile on our backs: it will speed up our innovation rate faster than we can achieve as a stand -alone company,” he said.

Ukraine – 2024/02/16: In this illustration, the Wiz logo appears on a smartphone and in the background. (Clarification of photos by Pavlo Gonchaar/SOPA photos/Lightrockwal via Getty Images) (Pavlo Gonchaar/SOPA Images/Lightrockket via Getty Images/Getty Images)

The startup, which achieved a $ 12 billion rating last year, operates with Amazon Web Services, Microsoft’s Azure as well as Google Cloud, Counsan Morgan Stanley, BMW and luxury LVMH among its customers.

After moving, Wiz will continue to offer its clouds products like AWS, Azure and Oracle Cloud, according to Wiz and Google.

File image: Google’s logo was seen on Google House in CES 2024, an annual consumer electronics exhibition, Las Vegas, Nevada, on January 10, 2024. Reuters/Steve Marcos/File image/image file (Reuters/Steve Marcos/Photo File/Photo File/Reuters)

The Google deal with Wiz feature the latest purchase of the TECH GIANT company to the Cyber ​​Security Company, as it has already brought Mandriat under an umbrella a few years ago. This deal was worth $ 5.4 billion.

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Google Cloud has other security offers through Google that Intelligence, Google and Command Command, according to the submission of the investor on Tuesday.

Rapapport created Wiz with Ami Luttwak, Yinon Costica and Roy Reznik in early 2020. It now protects 5 million cloud work burden and wiped 230 billion files per day as part of her work, according to her website.

Reuters contributed to this report.