Google buys Wiz for 32 billion dollars: what to know about the acquisition of records for big tech
The acquisition of Wiz, the Israeli Cloud and Cyber Security company, represents the record operation for Alphabet, the holding company that controls Google
Google has found an agreement for the acquisition of Wiz, the Israeli society of the Cloud and Cyber Security. The operation went through for 32 billion dollarsthe equivalent of 29 billion euros, to be paid in cash (i.e. without assignment to the sellers of a share of actions of the buyer): a figure that marks the record acquisition for Alphabet, the holding that controls Google.
How the Google cloud grows
The agreement between Google and the Israeli Wiz was announced by Alphabet number one, Sunday Pichaiwith an X post (ex Twitter) and represents the largest « deal » for Mountain View big tech.
The cloud of the Israeli company will become part of Google Cloud, which last year has generated a turnover of 43 billion dollars. It should be remembered that Wiz – which provides its IT security services based on the cloud also at Amazon and Microsoft – had refused a first aggregation proposal made by Google, for a value of 23 billion dollars, to focus on the hypothesis of a quotation at Wall Street. Then the sturdy retouching of the offer, increased by about 50%, won the resistance of the company of the digital securityborn and raised in the flourishing digital start-up incubator of Tel Aviv.
The operation remains subject to the authorizations of the antitrust authorities.
IT security in the era of artificial intelligence and cloud
The acquisition of Wiz is strategic for Alphabet-google, in a moment of great development and ferment for the « cloud computing », at the basis of the impetuous development of artificial intelligence. The IT security sector has become an area of growing importance in the digital age: the solutions of cyber security They are used by companies to eliminate or contain critical risks with the increasingly frequent appeal to the « cloud » to obtain digital services from external suppliers.
« Since its first days, Google's strong attention to security has made us leader in protecting people online- wrote Sundar Pichai, CEO of Alphabet, on X-companies and governments operating in the cloud are looking for even more solid security solutions and a greater choice in providers. Together, Google Cloud and Wiz will improve the safety of the cloud and the possibilities for companies ».
