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Google Acquires Cybersecurity Startup Wiz for $32 Billion
Image Credits: The image is sourced from https://techcrunch.com
2 years ago

Google Acquires Cybersecurity Startup Wiz for $32 Billion

Global

News Summary

Google has announced its largest-ever acquisition by agreeing to purchase New York-based cybersecurity startup Wiz for $32 billion. This strategic move is intended to enhance Google’s cloud-computing offerings, integrating Wiz’s cybersecurity solutions into Google Cloud. Despite the acquisition, Wiz’s products will remain available on competing cloud platforms such as Amazon Web Services, Microsoft Azure, and Oracle Cloud, as Google aims to mitigate potential antitrust concerns. This acquisition marks a significant expansion of Google’s business beyond its traditional search engine and digital advertising sectors.

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