Google announced today it has signed a definitive agreement to acquire Wiz, a leading cloud security platform based in New York, for $32 billion, subject to closing adjustments, in an all-cash transaction. After the deal is closed, Wiz will join Google Cloud.
This acquisition represents an investment by Google Cloud for accelerating two large and growing trends in the AI era: improving cloud security and the ability to use multiple clouds (multicloud).
Cybersecurity and cloud computing are rapidly growing industries with a wide range of solutions. And the increased role of AI, and adoption of cloud services, have changed the security sector for customers, making cybersecurity increasingly important in defending against emergent risks.
Wiz offers an intuitive security platform that connects to all major clouds and code environments to help prevent cybersecurity incidents. And organizations of all sizes can use Wiz for protecting everything they build and run in the cloud. Wiz is an innovative leader and continues to deliver new products with strong adoption, fueling rapid business growth, including over the last year in which it has begun to deliver new categories of cybersecurity solutions.
The combination of Google Cloud and Wiz will:
1.) Improve how security is designed, operated and automated, offering an end-to-end security platform for customers, of all types and sizes
2.) Scale cybersecurity teams by providing them an automated security platform
3.) Lower customers’ cost of implementing and managing security controls
4.) Protect against new threats emerging due to the advancement of AI, prevent breaches, and help organizations respond to breaches much more efficiently
5.) Boosting the adoption of multicloud security and, as a result, customers’ ability to use multiple clouds; further spurring innovation in and the adoption of cloud computing.
Wiz’s products continues to work and be available across all major clouds, including Amazon Web Services, Microsoft Azure, and Oracle Cloud platforms, and will be offered to customers through an array of partner security solutions. And Google Cloud will also continue to offer customers wide choice through a variety of partner security solutions available in the Google Cloud Marketplace.
The deal is subject to customary closing conditions including regulatory approvals.
KEY QUOTES:
“From its earliest days, Google’s strong security focus has made us a leader in keeping people safe online. Today, businesses and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers. Together, Google Cloud and Wiz will turbocharge improved cloud security and the ability to use multiple clouds.”
– Sundar Pichai, CEO, Google
“Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler to use for organizations of any size and industry. Enabling more companies to prevent cyber attacks, including in very complex business software environments, will help organizations minimize the cost, disruption and hassle caused by cybersecurity incidents.”
– Thomas Kurian, CEO, Google Cloud
“Wiz and Google Cloud are fully committed to continue supporting and protecting customers across all major clouds, helping keep them safe and secure wherever they operate. This is an exciting moment for our company, but an even more important one for customers and partners, as this acquisition will bolster our mission to improve security and prevent breaches by providing additional resources and deep AI expertise.”
– Assaf Rappaport, Co-Founder & CEO, Wiz
