Alphabet, Google Parent Company, is reportedly in advanced talks to acquire Wiz, a cybersecurity startup, for approximately $23 billion. If the deal goes through, it would be Alphabet largest acquisition ever.
This potential acquisition is generating a lot of buzz in the tech and cybersecurity industries. The most Significance in this would be Alphabet Google’s biggest acquisition to date and the largest-ever exit for an Israeli tech company.
Alphabet to Acquire WIZ?
This acquisition could significantly boost Google’s cloud computing business, which has been lagging behind its competitors like Amazon Web Services (AWS) and Microsoft Azure. Wiz’s technology could help Google enhance its cloud infrastructure security and attract more customers by offering robust protection against cyber threats.
Wiz is a cloud security startup headquartered in New York City and Tel Aviv, Israel. It was founded in 2020 by a team of cybersecurity veterans who previously founded Adallom, a company acquired by Microsoft.
Wiz’s platform offers a unified view of security risks across multi-cloud environments, utilizes agentless scanning and machine learning to identify vulnerabilities, and provides comprehensive cloud security posture management (CSPM), cloud workload protection platform (CWPP), and cloud infrastructure entitlement management (CIEM) capabilities.