Google has gone crazy: It will buy this company for a whopping $23 billion!
Recently, Google has been making aggressive acquisitions and expanding its operations. Now, the tech giant is planning a major move by acquiring Wiz, a company in the cloud security sector, for a staggering $23 billion. Here are the initial details about the company and the acquisition…
Google to secure its cyber infrastructure with Wiz
Google, the tech giant, is preparing to make a significant move in the cloud security domain. According to a report by The Wall Street Journal, the company is ready to spend big for Wiz, a cybersecurity specialist in cloud storage. This amount is nearly twice what the company paid for Motorola in 2012, and if the acquisition goes through, it will be the largest in the company’s history.
According to The New York Times, the driving force behind this acquisition is Thomas Kurian, the head of Google Cloud…
If successful, this acquisition will solidify Google’s reputation as a secure cloud platform. It is expected to increase Google’s enterprise customer base and maintain ongoing contracts with existing clients. As you may recall, Google strengthened its position in 2022 by acquiring Mandiant, which uncovered the massive SolarWinds hack, for $5.3 billion.
Wiz’s partnerships with major tech companies like Amazon and Oracle could be both an advantage and a challenge for Google. These partnerships mean that Wiz’s technology and customer base will be integrated into Google. However, there is also curiosity about whether there will be any conflicts of interest with Amazon and Oracle following the acquisition.
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