Google owner, Alphabet, has hinted at buying cybersecurity firm Wiz for $32 billion.
The deal would boost the United States of America tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth.
This means that if the deal is closed, the cash transaction, announced Tuesday, will become Google’s most expensive acquisition in the company’s 25-year history.
The Wiz acquisition will give Google new momentum in its efforts to compete in the cloud-computing business by offering more security for its services.
“Wiz and Google Cloud are both fueled by the belief that cloud security needs to be easier, more accessible, more intelligent, and democratised so more organisations can adopt and use cloud and AI securely,” Wiz CEO Assaf Rappaport said in a blog post.
The company says Wiz will join Google Cloud—and that this deal represents a company investment “to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds”.
Also, Google CEO Sundar Pichai said in a statement, Google Cloud and Wiz “will turbocharge improved cloud security and the ability to use multiple clouds.”
The current purchase clause surpasses a reported $23 billion buyout proposal that Wiz rejected last July, 2024.
Google ready to splurge $32m to acquire cybersecurity firm Wiz
