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Google has reached a deal with Wiz to purchase cloud cybersecurity.
The technology giant will pay $ 32 billion in cash to become the owner of Wiz “taking into account the final amendments”, ” Google owned by the alphabet He said on Tuesday.
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.
Toronto, Ontario, Canada – 07/29/24: Google logo in a skyscraper in the city center. (Lightroctot by Getty Images / Getty Images)
the Cyber security cloud startup Under Google Cloud, once 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 strong security concentration of Google pioneering in maintaining the safety of people online. Today, the companies and governments working in the cloud are looking for stronger safety solutions, and a greater choice in the provisions of cloud computing,” Google Sundar Pichai He said 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.
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| Goog | Alphabet Inc. | 162.67 | -3.90 |
-2.34 % |
The CEO of Wiz Assaf Rappapt said on Tuesday Join Google Cloud The start of the cloud cybersecurity operating will help accelerate its work and innovate.
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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/Lightrockkets Vitty 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 the transition, Wiz will continue to offer its products to clouds like AWS, Azure and Oracle CloudAccording 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.
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