Google LLC has announced a definitive agreement to acquire Wiz, Inc., a leading cloud security platform based in New York, for $32 billion in an all-cash transaction. Once the deal is finalized, Wiz will become part of Google Cloud. This acquisition aims to accelerate two significant trends in the AI era: enhanced cloud security and multicloud capabilities. Both cybersecurity and cloud computing are rapidly expanding industries with extensive solution ranges. The rise of AI and cloud services has significantly altered the security landscape, making cybersecurity crucial for defending against emerging risks and safeguarding national security. Wiz provides an easy-to-use security platform that connects to all major clouds and code environments, helping prevent cybersecurity incidents. Organizations of all sizes can use Wiz to protect their cloud-based operations. Google Cloud, a leader in cloud infrastructure with deep AI expertise and a history of security innovation, will enhance Wiz’s solutions, benefiting customers and partners across all major clouds. The combination will improve security design, operation, and automation; scale cybersecurity teams; reduce implementation and management costs; protect against AI-related threats; and boost multicloud security adoption. Wiz’s products will continue to work across all major clouds, including Amazon Web Services, Microsoft Azure, and Oracle Cloud platforms. The deal is subject to customary closing conditions, including regulatory approvals. — news from The Keyword
