Google has agreed to purchase cybersecurity start-up Wiz for $32 billion, marking its largest acquisition to date. The deal, announced on Tuesday, is aimed at bolstering Google’s cloud-computing business and diversifying its revenue streams beyond its traditional search engine and consumer internet services.
Wiz, a relatively young company founded just five years ago, specializes in cloud security and is relied upon by many businesses to protect their cloud applications. Google has been in talks with Wiz for months, with the start-up rejecting a previous $23 billion takeover offer in favor of pursuing an initial public offering.
The acquisition of Wiz will inject fresh momentum into Google Cloud and help the tech giant compete with Microsoft in the cybersecurity space. The deal is expected to close in 2026, pending regulatory approval amidst ongoing antitrust battles for Google in the U.S.
Google sees Wiz as a strategic asset that can drive growth, with half of the Fortune 100 companies already using Wiz’s technology. The acquisition aligns with Google’s broader strategy of diversifying its revenue stream beyond online advertising, and its push to establish Google Cloud as a major player in the cybersecurity market.
Wiz has experienced rapid growth, with $350 million in recurring revenue last year and plans to reach $1 billion this year. The acquisition will allow Wiz to innovate at a faster pace and better protect organizations from evolving cybersecurity threats, according to Wiz’s CEO, Assaf Rappaport.
The deal represents a significant investment by Google into the cybersecurity space and highlights the company’s commitment to growing its cloud-computing business.
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