Google acquires cybersecurity firm Wiz for $32 billion

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Google’s parent company, Alphabet, has announced its largest-ever acquisition, entering into a deal to buy New York-based cybersecurity firm Wiz, making it a part of its Google Cloud division. This is the company’s second attempt to buy Wiz after talks stalled last year at a lower $23 billion evaluation.

Wiz is a fast-growing Israeli-founded startup that works with companies like Microsoft and Amazon to provide cloud-based cybersecurity solutions. The company was valued at $12 billion in May 2024,…



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Google acquires cybersecurity firm Wiz for $32 billion


Google’s parent company, Alphabet, has announced its largest-ever acquisition, entering into a deal to buy New York-based cybersecurity firm Wiz, making it a part of its Google Cloud division. This is the company’s second attempt to buy Wiz after talks stalled last year at a lower $23 billion evaluation.

Wiz is a fast-growing Israeli-founded startup that works with companies like Microsoft and Amazon to provide cloud-based cybersecurity solutions. The company was valued at $12 billion in May 2024,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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