Summary: Google is set to acquire cloud security firm Wiz for billion in an all-cash transaction, aimed at enhancing its cloud security offerings and multicloud capabilities. This acquisition follows a series of negotiations and a previous valuation of billion in July 2024 before Wiz opted for an IPO. Wiz’s security products will remain accessible across various cloud platforms, reinforcing Google’s commitment to diverse security solutions.
Affected: Google Cloud, Wiz
Keypoints :
- Google is acquiring Wiz to strengthen cloud security and multicloud strategies.
- The deal is valued at billion, following earlier discussions that placed Wiz’s valuation at billion.
- Wiz’s products will continue to be available across major cloud platforms like AWS, Azure, and Oracle Cloud.
Source: https://www.securityweek.com/google-to-acquire-cloud-security-giant-wiz-for-32-billion-in-cash/