From Nasdaq: 2025-03-21 03:55:00

Alphabet (NASDAQ: GOOGL) has agreed to acquire cybersecurity company Wiz for $32 billion, up from last year’s offer of $23 billion, along with $1 billion in retention bonuses for employees. Wiz, a leader in cloud detection and response security, counts Google Cloud, AWS, and Azure among its customers and will continue to partner with all cloud companies post-acquisition. The deal will strengthen Google Cloud’s security offerings and enhance Alphabet’s position in the cybersecurity market.

The acquisition of Wiz by Alphabet is seen as a game changer, adding another strong business to its portfolio. Wiz, known for its Cloud Native Application Protection Platform, uses AI for cloud security and has a growing customer base that includes major enterprises like Morgan Stanley and BMW. The deal, expected to be the largest in Alphabet’s history, should bolster Google Cloud’s offerings and attract new enterprise customers, positioning Alphabet for significant growth in the future.



Read more at Nasdaq: Prediction: Wiz Will Be a Game-Changing Acquisition for Alphabet