Google LLC has revealed the signing of a definitive agreement to acquire Wiz, Inc., a prominent cloud security platform based in New York, in an all-cash transaction valued at $32 billion, subject to closing adjustments. Upon completion of the deal, Wiz will become part of Google Cloud.

Sundar Pichai, CEO, Google, said, “From its earliest days, Google’s strong security focus has made us a leader in keeping people safe online. Today, businesses 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.”

This acquisition underscores Google Cloud’s commitment to advancing two critical and rapidly evolving trends in the AI era: enhancing cloud security and enabling seamless multicloud capabilities. Both cybersecurity and cloud computing are experiencing exponential growth, driven by the increasing adoption of AI and cloud services. These advancements have reshaped the security landscape, making robust cybersecurity measures essential for mitigating emerging risks and safeguarding national security.

Thomas Kurian, CEO, Google Cloud, said, “Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler to use for organizations of any size and industry. Enabling more companies to prevent cyber attacks, including in very complex business software environments, will help organizations minimize the cost, disruption and hassle caused by cybersecurity incidents.”

Wiz offers a user-friendly security platform that integrates with all major cloud and code environments, helping organizations prevent cybersecurity incidents. Its solutions cater to a diverse range of users, from startups and large enterprises to government and public sector entities, enabling them to secure their cloud-based operations effectively. As an innovative leader in the field, Wiz has consistently introduced new products with strong market adoption, driving rapid business growth. Over the past year, the company has expanded its portfolio with new categories of cybersecurity solutions.

Assaf Rappaport, Co-Founder & CEO, Wiz, said, “Wiz and Google Cloud are fully committed to continue supporting and protecting customers across all major clouds, helping keep them safe and secure wherever they operate. This is an exciting moment for our company, but an even more important one for customers and partners, as this acquisition will bolster our mission to improve security and prevent breaches by providing additional resources and deep AI expertise.”

Google Cloud, renowned for its cloud infrastructure expertise and industry-leading security innovations, aims to enhance Wiz’s offerings by leveraging its deep AI capabilities. This collaboration will deliver more scalable and effective solutions, benefiting customers and partners across all major cloud platforms. The integration of Google Cloud and Wiz is expected to:

1. Revolutionize Security Design and Automation: Provide an end-to-end security platform tailored for organizations of all sizes in the AI era.
2. Empower Cybersecurity Teams: Offer an automated security platform to scale operations efficiently.
3. Reduce Security Costs: Lower the expenses associated with implementing and managing security controls.
4. Combat Emerging Threats: Protect against AI-driven risks, prevent breaches, and improve incident response capabilities.
5. Accelerate Multicloud Adoption: Enhance multicloud security, enabling customers to leverage multiple cloud platforms and drive further innovation in cloud computing.

Wiz’s products will remain compatible with all major cloud platforms, including Amazon Web Services, Microsoft Azure, and Oracle Cloud. They will also be accessible through a variety of partner security solutions. Google Cloud will continue to provide customers with a wide range of security options available in the Google Cloud Marketplace.

The transaction is pending customary closing conditions, including regulatory approvals.