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Why did Google pay $32 billion for Wiz? Behind the tech giant's biggest buy ever

image sourced from original article at https://www.ynetnews.com/business/article/sjzlnlw2kl

Google has acquired Israeli cloud security startup Wiz for $32 billion, making it the largest exit in the history of the Israeli hi-tech industry. The acquisition is part of Google's plan to consolidate all its cybersecurity activities under one umbrella and compete with Microsoft. Wiz's technology fits Google's needs perfectly, providing a solution that secures cloud computing systems and works seamlessly across major cloud platforms. The acquisition is also driven by the increasing demand for cloud infrastructure in the AI sector. Google plans to keep Wiz's headquarters in Israel and retain a significant portion of its employees.

Original article source: https://www.ynetnews.com/business/article/sjzlnlw2kl
Source Id: 2025-03-664345155

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