MOUNTAIN
VIEW, Calif. and NEW
YORK, March 18, 2025 /PRNewswire/ -- Google LLC
today announced it has signed a definitive agreement to acquire
Wiz, Inc., a leading cloud security platform headquartered in
New York, for $32 billion, subject to closing adjustments, in
an all-cash transaction. Once closed, Wiz will join Google
Cloud.
This acquisition represents an investment by Google Cloud to
accelerate two large and growing trends in the AI era: improved
cloud security and the ability to use multiple clouds
(multicloud).
Both cybersecurity and cloud computing are rapidly growing
industries with a vast range of solutions. The increased role of
AI, and adoption of cloud services, have dramatically changed the
security landscape for customers, making cybersecurity increasingly
important in defending against emergent risks and protecting
national security.
Wiz delivers an easy-to-use security platform that connects to
all major clouds and code environments to help prevent
cybersecurity incidents. Organizations of all sizes — from
start-ups and large enterprises to governments and public sector
organizations — can use Wiz to protect everything they build and
run in the cloud. Wiz is an innovative leader and continues to
deliver new products with strong adoption, fueling rapid business
growth, including over the last 12 months in which it has begun to
deliver new categories of cybersecurity solutions.
Google Cloud is a leader in cloud infrastructure, with deep AI
expertise and a track record of industry-leading security
innovation. Bringing all this to Wiz will help make their solutions
even better and more scalable, benefiting customers and partners
across all major clouds. The combination of Google Cloud and
Wiz will:
- Vastly improve how security is designed, operated and automated
— providing an end-to-end security platform for customers, of all
types and sizes, in the AI era;
- Scale cybersecurity teams by providing them an automated
security platform;
- Lower customers' cost of implementing and managing security
controls;
- Protect against new threats emerging due to the advancement of
AI, prevent breaches, and help organizations respond to breaches
much more efficiently; and
- Boost the adoption of multicloud security and, as a result,
customers' ability to use multiple clouds; further spurring
innovation in and the adoption of cloud computing.
Wiz's products will continue to work and be available across all
major clouds, including Amazon Web Services, Microsoft Azure, and
Oracle Cloud platforms, and will be offered to customers through an
array of partner security solutions. Google Cloud will also
continue to offer customers wide choice through a variety of
partner security solutions available in the Google Cloud
Marketplace.
You can read more technical details about Wiz's solutions, and
how they will work with Google Cloud, on the Google Cloud blog and
Wiz blog.
The deal is subject to customary closing conditions including
regulatory approvals.
Webcast
Alphabet Inc. (NASDAQ: GOOG, GOOGL) will host
a webcast to discuss this announcement on Tuesday, March 18, at 6:00am Pacific Time (9:00am Eastern Time). Sundar Pichai, CEO, Google and Alphabet;
Thomas Kurian, CEO, Google Cloud;
Assaf Rappaport, CEO, Wiz; and Anat
Ashkenazi, CFO, Google and Alphabet, will discuss the
transaction.
The webcast can be accessed here:
https://www.youtube.com/live/8jY5YBSRVEU. A replay will be
available for two weeks through the same link following the
webcast.
Quotes
Sundar
Pichai, CEO, Google: "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."
Thomas Kurian, CEO, Google
Cloud: "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."
Assaf Rappaport, Co-Founder
& CEO, Wiz: "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."
About Google
Google's mission is to organize the
world's information and make it universally accessible and useful.
Through products and platforms like Search, Maps, Gmail, Android,
Google Play, Chrome and YouTube, Google plays a meaningful role in
the daily lives of billions of people and has become one of the
most widely-known companies in the world. Google is a subsidiary of
Alphabet Inc.
About Google Cloud
Google Cloud is the new way to the
cloud, providing AI, infrastructure, developer, data, security, and
collaboration tools built for today and tomorrow. Google Cloud
offers a powerful, fully integrated and optimized AI stack with its
own planet-scale infrastructure, custom-built chips, generative AI
models and development platform, as well as AI-powered
applications, to help organizations transform. Customers in more
than 200 countries and territories turn to Google Cloud as their
trusted technology partner.
About Wiz
Wiz secures everything organizations build
and run in the cloud and transforms security by enabling a new
operating model. The Wiz CNAPP empowers security and development
teams to rapidly identify and remove critical risks in cloud
environments, so they can build fast and securely. With Wiz,
organizations can prioritize risk and stay agile. Its customers
include Agoda, Avery Dennison, BMW,
Cushman & Wakefield, DocuSign, Mars, Plaid, Priceline,
Salesforce, and Slack, among others. The company is backed by
Advent, Aglaé, Andreessen Horowitz, Blackstone, Cyberstarts,
Greenoaks, Greylock, Index Ventures, Insight Partners, Lightspeed,
Salesforce, Sequoia, Thrive Capital, and Wellington.
Forward-Looking Statements
This release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 regarding the acquisition
of Wiz by Google. These forward-looking statements are based on
current expectations and assumptions that are subject to risks and
uncertainties, which could cause Alphabet Inc.'s (the "company",
"we", "us" or "our") actual results to differ materially from those
reflected in the forward-looking statements. Factors that could
cause or contribute to such differences include, but are not
limited to, the risk that the closing conditions for the
acquisition will not be satisfied, including the risk that the
requisite regulatory approvals will not be obtained; the risk that
the definitive agreement relating to the acquisition will be
terminated prior to closing; the possibility that the acquisition
will not be completed in the expected timeframe or at all;
potential adverse effects to the businesses of the company or Wiz
during the pendency of the acquisition; our ability to successfully
integrate Wiz or other businesses that we may acquire in the
future; our ability to achieve the benefits that we expect to
realize as a result of the acquisition of Wiz; the potential
negative impact on our financial condition and results of
operations if we fail to achieve the benefits that we expect to
realize as a result of the acquisition of Wiz or if these benefits
take longer to achieve than expected; and other risks and
uncertainties discussed in the reports the company has filed
previously with the SEC, such as its Annual Report on Form 10-K. We
undertake no obligation to revise or publicly release the results
of any revision to these forward-looking statements, which speak as
of the respective date of this release, except as required by law.
Given these risks and uncertainties, readers are cautioned not to
place undue reliance on such forward-looking statements.
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SOURCE Google LLC