Google parent acquires Wiz for $32bn to strengthen cybersecurity

Acquiring Wiz will help Google bolster its cloud business with AI-powered cybersecurity solutions that companies use to remove critical risks

Tue, 18 Mar, 2025 - 18:21

Alphabet said it would buy Wiz for about $32bn (€29.3bn) in its biggest deal, as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon and Microsoft.

The all-cash buyout comes after Wiz rejected a $23bn (€21.1bn) bid from Alphabet last year, due to concerns about antitrust approvals and its focus on an initial public offering.

Acquiring Wiz will help Google bolster its cloud business with AI-powered cybersecurity solutions that companies use to remove critical risks, helping it compete better in an industry benefitting from the rise of generative AI services such as ChatGPT.

“Cloud is more important than ever, and attackers are not slowing down,” said Wiz CEO and co-founder Assaf Rappaport.

“They are already using the most innovative technologies to move faster.”

Mr Rappaport had called Google’s previous offer “humbling”.

While a tough regulatory climate had hampered such large-scale deals, Wall Street is optimistic that a shift in antitrust policies under US president Donald Trump could reignite deal-making momentum.

One of the fastest-growing software startups, Wiz was valued at $12bn (€11bn) last May. It works with cloud providers, such as Amazon Web Services and Microsoft’s Azure and counts Morgan Stanley, BMW, and VMH as customers.