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Here’s why Google pitched its $32B Wiz acquisition as ‘multicloud’
- Google's acquisition of security startup Wiz for $32 billion aims to position Wiz as a 'multicloud' offering, not limited to Google services.
- Google's decision was driven by the need for customer retention, as Wiz brought a large customer base with annual revenue of $700 million.
- Wiz customers value its support for multiple cloud platforms, which Google hopes to maintain post-acquisition to prevent alienating them.
- Antitrust regulations were a concern with the acquisition, as Google has faced scrutiny over its dominance in various tech sectors.
- Google's move towards a multicloud approach could help alleviate antitrust concerns, as it does not dominate in cloud services and cybersecurity.
- Google's lag behind AWS and Azure in the cloud market necessitated the embrace of a multicloud model to cater to customers who do not use Google Cloud.
- Despite Google's efforts to catch up in the cloud market, it still trails AWS and Azure due to various factors like Microsoft's enterprise dominance.
- Google Cloud CEO Thomas Kurian highlighted the importance of multicloud capabilities for meeting customer demands and promoting competition.
- Kurian believes AI could potentially change the game, leading to centralization of data and possibly reducing the need for multicloud solutions in the future.
- The acquisition of Wiz is aimed at enhancing Google's capabilities in identifying and defending against cyber threats across different cloud platforms.
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