Alphabet lands Wiz in $32bn deal
By Abigail Townsend
Date: Tuesday 18 Mar 2025
(Sharecast News) - Alphabet has agreed to buy cloud security start-up Wiz in a blockbuster $32bn deal, the Google parent confirmed on Tuesday.
The US tech giant said the all-cash deal - its largest-ever - would accelerate two "large and growing trends in the AI era", cloud security and the ability to use multiple clouds. Wiz will become part of Google's cloud division, Google Cloud.
Talks between the two companies first got underway last year, before faltering on antitrust concerns. At the time, Wiz told employees it would likely pursue an initial public offering instead.
The deal remains subject to regulatory approval.
Sundar Pichai, Google chief executive, said: "Business and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers.
"Together, Google Cloud and Wiz will turbocharge improved cloud security and the ability to use multiple clouds."
Wiz, which was founded in Israel in 2020 but is now headquartered in New York, has grown rapidly. It reported annualised recurring revenues of $500m in 2024 and was valued at $12bn in 2022 following a fundraising.
When talks between Google and Wiz first started in 2024, the price discussed was understood to be closer to $23bn.
Chief executive Assaf Rappaport, who co-founded Wiz with Roy Reznik, said: "This is an exciting moment for our company, but an even more important one for our customers and partners, as this acquisition will bolster our mission to improve security and prevent breaches by providing additional resources and deep AI expertise."
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