Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure.
The all-cash deal brings Wiz into the Google Cloud operation, boosting the capacity of consumers to use"multiple clouds" and providing"an end-to-end security platform for customers, of all types and sizes, in the AI era," the companies said in a joint statement.
Alphabet had been close to a Wiz takeover last summer, but company leaders opted to stay independent at the time with an eye towards an initial public offering, Wiz CEO Assaf Rappaport said in a message to employees after the earlier deal fell apart. After the deal closes, Wiz will operate as a Google company that still provides services to other tech giants including Amazon Web Services and Microsoft Azure, making it like the operation of Mandiant, another cybersecurity company Google acquired three years ago, said Thomas Kurian, CEO of Google Cloud.
Wedbush analyst Dan Ives said the Google-Wiz deal could be the first of many with the departure of Lina Khan, the Biden-era head of the Federal Trade Commission, who was considered hostile to tech industry consolidation.
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