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In the latest tech news, Google has announced that they’ll be purchasing Wiz for a $32 billion.
This move is a significant step to a better and much improved cloud security.
Google announced it has signed a definitive agreement to acquire Wizfor $32 billion, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud.
This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds.
Both cybersecurity and cloud computing are growing industries with a vast range of solutions. The increased role of AI, and adoption of cloud services, have changed the security landscape for customers, making cybersecurity increasingly important in defending against emergent risks and protecting national security.
Wiz delivers a platform that connects to all major clouds and code environments to help prevent cybersecurity incidents. Organizations of all sizes — from start-ups and large enterprises to governments and public sector organizations — can use Wiz to protect 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 12 months in which it has begun to deliver new categories of cybersecurity solutions.
Google Cloud has deep AI expertise and a track record of security innovation. Bringing all this to Wiz will help make their solutions even better and more scalable, benefiting customers and partners across all major clouds. The combination of Google Cloud and Wiz will:
“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,” said 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,” said 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,” said Assaf Rappaport, CEO, Wiz
Source: Google to acquire Wiz for $32 billion - Help Net Security
Despite having only been founded in 2020, Wiz has been valued at $12 billion by its investors and has been eyeing an initial public offering.
Wiz reached $500 million in annual recurring revenue last year and is looking to cross $1 billion this year, executives have said.
What are your thoughts on Google purchase of Wiz? Do you think it’s a good move or a bad investment on Google’s part?
Where do you see Wiz heading from here?
This move is a significant step to a better and much improved cloud security.
Google announced it has signed a definitive agreement to acquire Wizfor $32 billion, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud.
This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds.
Both cybersecurity and cloud computing are growing industries with a vast range of solutions. The increased role of AI, and adoption of cloud services, have changed the security landscape for customers, making cybersecurity increasingly important in defending against emergent risks and protecting national security.
Wiz delivers a platform that connects to all major clouds and code environments to help prevent cybersecurity incidents. Organizations of all sizes — from start-ups and large enterprises to governments and public sector organizations — can use Wiz to protect 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 12 months in which it has begun to deliver new categories of cybersecurity solutions.
Google Cloud has deep AI expertise and a track record of security innovation. Bringing all this to Wiz will help make their solutions even better and more scalable, benefiting customers and partners across all major clouds. The combination of Google Cloud and Wiz will:
- Vastly improve how security is designed, operated and automated — providing an end-to-end security platform for customers, of all types and sizes, in the AI era;
- Scale cybersecurity teams by providing them an automated security platform;
- Lower customers’ cost of implementing and managing security controls;
- Protect against new threats emerging due to the advancement of AI, prevent breaches, and help organizations respond to breaches much more efficiently; and
- Boost 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.
“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,” said 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,” said 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,” said Assaf Rappaport, CEO, Wiz
Source: Google to acquire Wiz for $32 billion - Help Net Security
Despite having only been founded in 2020, Wiz has been valued at $12 billion by its investors and has been eyeing an initial public offering.
Wiz reached $500 million in annual recurring revenue last year and is looking to cross $1 billion this year, executives have said.
What are your thoughts on Google purchase of Wiz? Do you think it’s a good move or a bad investment on Google’s part?
Where do you see Wiz heading from here?
