Summary: Google has announced plans to acquire cloud security startup Wiz for billion, marking a significant advancement in cloud security. The deal, solidifying Google’s commitment to enhancing cloud security, is set to bolster its competitive edge against Microsoft and AWS. By integrating Wiz’s technology, Google aims to provide stronger protection against evolving cyber threats.
Affected: Google, Wiz, cloud security industry
Keypoints :
- The acquisition follows a lengthy negotiation process after Wiz declined an initial billion offer.
- Wiz specializes in cloud security posture management (CSPM) and has a rapid growth trajectory, attracting major enterprise clients.
- Industry analysts anticipate increased competition in the cybersecurity sector with potential mergers and acquisitions as tech giants respond to the changing landscape.
Source: https://thecyberexpress.com/google-wiz-deal-32b-acquisition/