Google Cloud Finalizes $32 Billion Acquisition of Cloud Security Firm Wiz

Google Acquires Wiz for $32 Billion

Google Cloud has completed its acquisition of Wiz, a cloud security software company, for a total consideration of $32 billion. The deal was announced in March 2023 and has now officially closed.

The acquisition will enable Google Cloud to provide customers with a comprehensive platform to secure their cloud and hybrid environments. Wiz's software will be integrated with Google's Unified Security platform, accelerating the adoption of multicloud cybersecurity and driving innovation and growth in cloud computing.

Wiz will join Google Cloud and maintain its brand, commitment to securing customers across all cloud environments, and existing partnerships with major cloud providers, including Amazon Web Services (AWS), Microsoft Azure, and Oracle Cloud. The company's products will continue to be available across all major clouds and will be offered through an array of partner security solutions.

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Wiz has a strong client list, including 50% of the Fortune 100 and leading global organizations such as Shell, BMW, and Morgan Stanley. The acquisition is expected to help Google Cloud catch up with Amazon and Microsoft in the competitive cloud-computing market.

Financial Highlights

• $32 billion: Total consideration for the acquisition
• $23 billion: Initial offer for Wiz Inc. in 2024
• $12 billion: Valuation of Wiz in a funding round last year