Google Confirms Acquisition Of Wiz For $32B; Google Cloud Has Bold Plans

‘Wiz and Google Cloud share a vision to improve security by making it easier and faster for organizations of all types and sizes to protect themselves, end-to-end, across all major clouds,’ said Google Cloud CEO Thomas Kurian in a blog post Tuesday.

Google has signed a definitive agreement to acquire Wiz for $32 billion in a blockbuster move that will shake up the cloud and security industries as well as boost Google Cloud’s bold AI ambitions.

Once closed, Wiz will become part of Google Cloud, Google’s $48 billion cloud business.

“Wiz and Google Cloud share a vision to improve security by making it easier and faster for organizations of all types and sizes to protect themselves, end-to-end, across all major clouds,” said Google Cloud CEO Thomas Kurian in a blog post Tuesday.

“Together with Wiz, we are excited about the potential to provide customers with a comprehensive security platform that protects modern IT environments,” he said.

Kurian said his $48 billion company is a leader in cloud infrastructure, with deep AI expertise and a track record of industry-leading security innovation.

“Bringing this to Wiz will help make [customer] solutions even better and more scalable, helping protect more organizations faster,” said Kurian.

Google said the $32 billion all-cash deal will accelerate two large and growing trends in the AI era that Google Cloud is driving: improved cloud security and the ability to use multiple clouds, known as multi-cloud.

The deal is subject to customary closing conditions, including regulatory approvals.

No time frame was given on when the companies expect the deal to be finalized.

Wiz Will Still Work With AWS, Microsoft, Oracle

In July 2024, Google was in advanced talks to acquire Wiz for $23 billion but discussions fell apart. Last year, Wiz reached $500 million in annual recurring revenue.

Once complete, Wiz’s products will continue to work and be available across all major clouds, including Amazon Web Services, Microsoft Azure and Oracle Cloud platforms.

In addition, Wiz will be offered to customers through an array of partner security solutions, Google said in a statement.

Google Cloud will also continue to offer customers choice through a variety of partner security solutions available in the Google Cloud Marketplace.

Google-Wiz Will ‘Spur The Adoption Of Multi-Cloud Cybersecurity’

One major goal for Google Cloud and Wiz is to drive adoption of multi-cloud in the cybersecurity industry.

“This will help spur the adoption of multi-cloud cybersecurity, the use of multi-cloud, and competition and growth in cloud computing,” said Kurian.

Google Cloud’s CEO said the combined company will help customers create a stronger foundation for cloud security with a portfolio that solves tomorrow’s requirements, including a next-generation unified security platform that combines Wiz’s Cloud Security Platform with Google Security Operations.

“We are aiming to provide customers with better security for enterprise systems and lower the cost of maintaining a strong security posture across their on-premises and multi-cloud environments,” said Kurian.