Google purchases Israel Cyber Security Company for $ 32 billion. Critically, this is the largest acquisition ever in Google, and the largest acquisition of an Israeli company. Google confirmed that an agreement had been signed, and stated that the deal would be cash. After the acquisition is complete, Wiz will become part of Google Cloud. “This acquisition represents an investment by Google Cloud to accelerate two large and increasing trends in the era of artificial intelligence: improving cloud safety and the ability to use multiple (multiple black) clouds.” Google emphasizes that Wiz solutions will continue to work on all leading cloud platforms. The deal is subject to regulatory approvals.
Industry sources told “Globes” that the co -founder and CEO of Wiz Assaf Rappaport will do in the future what will become “Google Security”, an independent section that focuses on cybersecurity solutions, as WIZ has become the basis for this activity. The sources also said that unlike the former Google Wiz GOZLE show, this time it was agreed that Wiz will remain an independent company under Google, in a LinkedIn model under Microsoft. This means that Wiz will continue to serve all major cloud computing companies, including Google's competitors like Microsoft and Amazon. The sources added that the current move indicated that Google's strategic intention is to become a major player in the global cybersecurity market, a decisive field due to the increasing threats in the digital space.
“Wiz is an innovative pioneer and continues to present new products with strong adoption, and feeds the growth of rapid business, including during the past 12 months in which it started to present new categories of cybersecurity solutions.
Wiz, which was founded in 2020 by Rappaptort, Ami Luttwak, Yinon Costica, and Roy Reznik, has grown since then. The company is the developer of the cloud safety platform that enables institutions to determine the weaknesses of its systems without the need to install programs or prolonged implementation. According to Wiz, its ability to provide a comprehensive, fast and effective security solution has led to a high demand between large companies that use many cloud platforms, and this enabled them to reach annual revenues of about $ 500 million in just a few years, to collect one billion dollars of investors with a rate of 12 billion dollars, and to build a wonderful customer base that includes Fortune 500.
Posted by Globes, Israel Business News – En.globes.co.il – on March 18, 2025.
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