We made an announcement now regarding our acquisition of Wiz. Learn our press release below, and visit the Cloud site to learn more about what this means for cloud users and associates.
NEW YORK, New York and MOUNTAIN VIEW, Calif. In an all-cash deal, Google LLC today announced it has signed a clear deal to get Wiz, Inc., a leading cloud security platform with a New York based, for$ 32 billion, subject to closing adjustments. When it is finished, Wiz likely integrate with Google Cloud.
Improved cloud security and the ability to use multiple clouds ( multicloud ) are two significant and growing trends in the AI era. This acquisition represents an investment by Google Cloud.
Cloud technology and security are both rapidly expanding sectors with a wide range of options. The adoption of cloud services and the rise in AI have fundamentally altered the security landscape for customers, making cybersecurity extremely crucial in defending against emerging risks and safeguarding national security.
Wiz provides a simple security platform that connects to all of the main clouds and code environments to reduce cybersecurity incidents. Wiz allows organizations of all sizes to protect all they create and run in the sky, from start-ups and big businesses to governments and public sector organizations. Wiz is a thought-leader and continues to offer new products with high adoption rates, which has fueled quick business growth, including in the past 12 months, when it has started to offer new categories of cybersecurity solutions.
Google Cloud is a leader in cloud system, with strong AI experience and a proven track record of cutting-edge security development. All of Wiz’s options will benefit customers and partners across all major sky by being even better and more flexible by bringing all of this to their. The combination of Wiz and Google Cloud will:
- In the AI era, customers of all types and sizes will have access to an end-to-end security platform for customers, of all types and sizes. This will significantly improve how security is designed, operated, and automated.
- By supplying cybersecurity teams with an automated security platform, scale them.
- lower the cost of implementing and managing security controls for customers.
- Protect against new threats that are emerging as a result of the development of AI, stop breaches, and assist organizations in much more effective response, and help organizations prevent breaches
- Increase customer ability to use multiple clouds and the adoption of multicloud security, further promoting innovation and the adoption of cloud computing.
Customers will receive Wiz’s products through a range of partner security solutions, including those for Amazon Web Services, Microsoft Azure, and Oracle Cloud platforms. Through the various partner security options that are offered through the , Google Cloud will continue to provide customers with a wide range of options.
On the and , you can find more technical information about Wiz’s solutions and how they will integrate with Google Cloud.
The agreement is subject to customary closing terms, including regulatory approvals.
Webcast
On Tuesday, March 18, at 6:00 am Pacific Time ( 9: 00 am Eastern Time ), Alphabet Inc. ( NASDAQ: GOOG, GOOGL ) will host a webcast to discuss this announcement. The transaction will be discussed by Anat Ashkenazi, CFO, Google and Alphabet, and Sundar Pichai, CEO of Google and Alphabet, Thomas Kurian, CEO of Google Cloud, and Assaf Rappaport, CEO of Wiz.
The webcast is available at https ://www.youtube .com/live/8jY5YBSRVEU. A replay of the webcast will be accessible for two weeks using the same link.
Quotes
CEO of Google Sundar Pichai:” Google has always had a strong security focus, making us a leader in protecting users ‘ online privacy.” Businesses and governments that operate in the cloud are now seeking greater choice and greater security options. Improved cloud security and the ability to use multiple clouds will be enhanced by Google Cloud and Wiz together.
CEO of Google Cloud, Thomas Kurian, stated,” Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simple to use for organizations of any size and industry. Organizations can reduce the costs, disruption, and hassle caused by cybersecurity incidents by enabling more businesses to prevent cyberattacks, including in highly complex business software environments.
Assaf Rappaport, co-founder and chief executive of Wiz, says,” Wiz and Google Cloud are fully committed to supporting and safeguarding customers across all major clouds, helping keep them safe and secure wherever they operate. This is a fantastic time for our business, but it’s even more crucial for our partners and customers because this acquisition will help us advance our goal of improving security and preventing breaches by bringing in additional resources and deep AI expertise.
Contacts
Investors:
investor-relations@abc.xyz
Press:
press@google.com
About Google
Google’s goal is to organize the world’s information so that it is accessible and useful to everyone. Google has grown to be one of the most well-known companies in the world thanks to products and platforms like Google Maps, Gmail, Gmail, Android, Google Play, Chrome, and YouTube. Google is a division of Alphabet Inc.
Google Cloud Information
Google Cloud is the newest evolution of the cloud, offering tools for AI, infrastructure, developer, data, security, and collaboration that are designed for the present and future. To aid organizational transformation, Google Cloud provides a potent, fully integrated, and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models, development platform, and AI-powered applications. Customers in more than 200 nations and territories rely on Google Cloud as their reliable technology partner.
About Wiz
By enabling a new operating system, Wiz transforms security and secures everything that businesses create and run in the cloud. The Wiz CNAPP enables security and development teams to quickly identify and remove significant risks in cloud environments, enabling them to create quickly and securely. Organizations can prioritize risk and maintain agility with Wiz. Agoda, Avery Dennison, BMW, Cushman &, Wakefield, DocuSign, Mars, Plaid, Priceline, Salesforce, Slack, and others are its clients. The business is supported by Advent, Aglaé, Andreessen Horowitz, Blackstone, Cyberstarts, Greenoaks, Greylock, Index Ventures, Insight Partners, Lightspeed, Salesforce, Sequoia, Thrive Capital, and Wellington.
Forward-Looking Prospectives
Forward-looking statements about the Google acquisition of Wiz are included in this release in accordance with the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and assumptions that are susceptible to risks and uncertainties, which could cause significant differences between Alphabet Inc.’s ( the” company,” “we,” “us,” or “our” ) actual results. Other risks and uncertainties are set forth in the company’s annual reports to the SEC, including the risks associated with the revision of the forward-looking statements, which speak as of the respective date of this release, as well as the risks associated with the possibility that the acquisition will not be completed in the expected timeframe or at all, the risk of the acquisition being completed in the expected time frame or at all, the possibility that the company’s business will not be able to successfully integrate Wiz or other businesses we may acquire in the future, Readers are advised not to place undue reliance on such forward-looking statements because of these risks and uncertainties.