Google Inc., a subsidiary of American Alphabet Inc., has signed an agreement to acquire the cybersecurity startup Wiz for $32 billion. This is reported in a joint press release of the companies.
Upon completion of the transaction, Wiz will become part of the Google Cloud division and will remain an independent platform for providing cloud services to other providers besides Google Cloud Platform. At the same time, Wiz products will be available in all major cloud services, including Amazon Web Services, Microsoft Azure, and Oracle Cloud platforms.
Alphabet aims to increase revenue from cloud computing services in order to reduce dependence on search advertising revenue. The Google Cloud cloud service occupies the third position in the global market (12%), behind Microsoft Azure (21%) and Amazon Web Services (about 30%).
In 2024, Alphabet already tried to acquire Wiz for $23 billion, but negotiations were terminated due to concerns from some directors and investors about obstacles related to U.S. antitrust law.
The transaction, which is expected to close in 2026, is subject to regulatory approval and compliance with customary closing conditions.
Google is an American multinational corporation within the Alphabet holding company that invests in Internet search, cloud computing and advertising technologies. The company provides Gmail e-mail services, cloud data storage services, instant messaging, video calls and videoconferences, mapping and navigation, video sharing, etc.
Alphabet Inc. is the parent company of Google Inc., subsidiaries and startups (YouTube, Waymo, X Development, Mandiant, Fitbit, Looker, etc.). The headquarters is located in Mountain View (California, USA). The market capitalization is $1.34 trillion.
Wiz is an American cybersecurity startup for cloud services. Wiz is one of the fastest growing software startups with annual revenue of $700 million. The company's platform analyzes computing infrastructure hosted in Amazon Web Services, Microsoft Azure, Google Cloud Platform, Oracle Cloud Infrastructure and Kubernetes for combinations of risk factors that could allow attackers to gain control over cloud resources and/or extract valuable data. The headquarters is located in New York (USA).
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