Alphabet Acquires Cybersecurity Firm Wiz for $32 Billion, Strengthening Google Cloud
CyberNews
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Contributed by: Kate Gamble
Summary
Alphabet has announced its acquisition of cybersecurity firm Wiz for $32 billion, marking its largest purchase to date. Founded in 2020, Wiz specializes in cloud security and has collaborated with major tech firms like Amazon and Microsoft to safeguard data in remote centers. Integrating Wiz into Google Cloud aims to enhance security offerings amid a growing focus on artificial intelligence and multicloud capabilities. Despite earlier stalled negotiations when Wiz was valued at $23 billion, this agreement will ensure that Wiz's products remain available across multiple cloud platforms. Google CEO Sundar Pichai emphasized the move's significance in meeting the increased demand for comprehensive cloud security solutions.
