Particle.news
Download on the App Store
6 ARTICLES
·
last mo.

Alphabet Completes $32 Billion Acquisition of Cybersecurity Firm Wiz

The deal, Alphabet's largest to date, strengthens its cloud services and positions the company to challenge Amazon and Microsoft in the competitive cloud market.

Image
Image
Image
Image

Overview

  • Alphabet finalized the acquisition of Wiz, a leading cloud security company founded in 2020, for $32 billion in cash.
  • This marks Alphabet's most expensive acquisition, following a failed $23 billion offer in 2024 due to regulatory concerns.
  • Wiz specializes in cloud security and serves major clients such as Siemens, BMW, Morgan Stanley, and Salesforce.
  • The acquisition aligns with Alphabet's strategy to enhance its cloud offerings and address growing trends in artificial intelligence and cybersecurity.
  • Alphabet aims to leverage Wiz's expertise to compete more effectively with Amazon Web Services and Microsoft Azure, as Google Cloud holds a 12% market share.