, a Facebook parent company, is reportedly close to a bargain to buy security startup for$ 30 billion after a$ 23 billion deal expired last summer.
The companies are in advanced discussions and could close a deal right away, according to the Wall Street Journal ( WSJ) on Monday ( March 17 ), citing unnamed sources.
Neither Alphabet nor Wiz responded right away to PYMNTS’ request for comment.
According to the report, an consolidation would help Alphabet’s work in cloud technology by enabling it to provide Wiz’s increased security features.
According to the report, the documented deal would also be Google’s largest acquisition always, topping its$ 12.5 billion buy of Motorola Mobility that was completed in 2012.
The cybersecurity firm reportedly rejected a$ 23 billion   bid by Google and intended to proceed with its plans for an initial public offering ( IPO ).
According to CNBC , concerns about investment and competitive issues were a factor in Wiz’s decision to withdraw from the deal.
After raising$ 1 billion in a May  , Wiz was valued at$ 12 billion. The business stated at the time that it intended to use the fresh funding to accelerate mergers and develop new products and employees.
The company announced in an August that it had completed 100 standard interfaces in the first year following the launch of its Wiz Integration system. The company claimed it could expand the solution to meet the diverse security requirements of its customers by enabling independent software vendors ( ISVs ) to create bi-directional integrations on top of the Wiz API.
Wiz announced in August that it had been designated by the Common Vulnerability and Exposure ( CVE ) Program as a CVE Numbering Authority ( CNA ) and that it could quickly share publicly disclosed and untold vulnerabilities. This translates to the creation of a CVE numbering authority ( CNA ).
The business also revealed that Wiz for Government had received FedRAMP Moderate , license, which gave it the distinction that gave its StateRAMP license its IL4 in-process status the same month.
According to Wiz’s place vice president, people sector, , at the time,” Wiz stands at the verge of all three: sky, AI, and cyber.” Wiz offers a single program for analyzing and contextualizing risk for all clouds as well as for managing AI security posture.