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In its largest-ever acquisition, Google buys cybersecurity startup Wiz for $32B
- Google has announced its acquisition of cybersecurity startup Wiz for $32 billion, making it the tech giant's largest-ever acquisition.
- The deal values Wiz at $20 billion higher than its previous funding round and includes a $3.2 billion termination fee if the acquisition falls through.
- Wiz, founded in 2020, provides a cybersecurity platform used by over half of the Fortune 100 companies to secure their cloud environments and defend against cyberattacks.
- The three components of Wiz's platform include Wiz Cloud for spotting vulnerabilities, Wiz Defend for detecting attacks, and Wiz Code for identifying software flaws.
- Google plans to maintain Wiz's availability across major public clouds post-acquisition and combine its technology with Google Security Operations to create a unified security platform.
- This move follows Google's previous $5.4 billion acquisition of Mandiant in 2022 and is aimed at enhancing its cybersecurity offerings.
- Google aims to close the Wiz acquisition in 2026 pending regulatory approvals and continues to contribute to the cybersecurity community with initiatives like BeyondCorp and SLSA.
- The acquisition signifies Google's commitment to bolstering its security capabilities and providing comprehensive cybersecurity solutions across various cloud environments.
- Wiz's innovative technology, strong customer base, and rapid growth in revenue have positioned it as a strategic addition to Google's cybersecurity portfolio.
- Google Cloud CEO Thomas Kurian emphasized that Wiz will maintain compatibility with rival clouds and existing cybersecurity solutions post-acquisition.
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