Google has announced that it is starting to start cyber security Wiz for $ 32 billion. The acquisition is still the parent company Alphabet large, more than double the previous record record purchase of Motorola mobility in 2012. It seems that the company seems to have aggressively follow this agreement due to the growing demand for secure cloud services.
The increase in generative AI has fast technology companies to hurry for cloud infrastructure, while the main security incidents such as last year’s Crowdstrike outage are of increased concern. Wiz software included AI-Powed security features that identify critical risks in cloud infrastructure, allowing developers to correct them before they become a problem.
If Wiz products are integrated, Google Cloud could gain a significant advantage on the market that would historically drop behind the Amazon Web Services and Microsoft Azure. In Google’s announcement, the acquisition stated that WIZ would provide its customers better and cheap security for multiple cloud and conversions.
Despite the acquisition, WIZ products will continue to operate and will be available in all the main clouds, including Amazon Web Services, Microsoft Azure and Oracle Cloud PlatformMS.
In a press release of this acquisition report, Google Cloud’s CEO Thomas Kurian said: “Google Cloud and Wiz share a common vision to make cyber security more accessible and easier for organizations of any size and industry.” And the alphabet and CEO of Google Sundar Pichai Naded: “Together, Google Cloud and Wiz will improve cloud security and the ability to use more clouds.
See: Crowdstrike vs Wiz: Which offers better cloud security and value?
Wiz’s rejection of the previous Alphabet offered
When Wiz rejected Alphabet’s latest offer of $ 23 billion in July 2024, Startup quoted concerns about antitrust voting and disagreements that would act as an independent division or were fully integrated into Google Cloud, says Wall Street Journal.
After the collapse of the agreement, the CEO of Wiz Assaf Rappaport told employees that the company would seek an initial offer and believe that it could achieve a higher award as a publicly traded entity (the company was awarded investors in May 2024 at $ 12 billion). However, Rappaport clearly reaches with potential buyers honestly.
Regulatory challenges and antimonopoly battle of the alphabet
Google said the agreement is subject to the usual closure conditions that included regulatory approval. Alphabet’s previous offer faced obstacles as a result of anti -monopoleic bidal regulations, such as a executive order for a competition that orders a strict vote of merger, especially in the technical sector.
Although there was strange that President Donald Trump could return certain regulations to prefer innovations, his administration was introduced by tariffs that could increase the costs of technology companies. This shift in politics caused investors to be careful about large acquisitions.
See: Trump’s Import Tariffs: How will prices, jobs and shop will shake up
Meanwhile, Google is currently facing two main antitrust lawsuits in the states. Last year, the Ministry of Justice asked Google to sell its Chrome browser and claim to use the platform for funny users to its search engine, dominance of maintenance on online search. The company is now waiting for a medication attempt.
The judgment is also waiting for which Google illegally monopolized the digital advertising market through its advertising technology trade, which also received voting in the UK and the EU. In August 2024, the US federal judge also decided that Google was holding general search services and text advertising in a monopoly and violated antitrust laws.
For more specifics on the acquisition, Alphabet’s web broadcasting will be available about reports for the next two weeks. Sundar Pichai, Thomas Kurian, CEO of Wiz Assaf Rappaport and alphabet and discussion and discussion of Google CFO Anat Ashkenazi.