Google Buys Cloud Security Platform Wiz, Its Biggest Acquisition Ever

You have most likely observed how the significance of cloud security is rising over the past few years. The demand to keep online data safe is increasing rapidly as more businesses migrate their data to the cloud. In fact, we bet you’ve heard this statistic: over 60% of corporate data was stored on the cloud in 2023 – and the number keeps growing!

Amid the renewed push for cloud security, one name has been creating waves: Wiz.

Today, the cloud security leader is back in the news with another strategic move.

Google has revealed its $32 billion acquisition of Wiz, its biggest buyout ever, in a move that is upending the cybersecurity industry. Although subject to regulatory approvals, this all-cash agreement represents a major investment for Google Cloud, one that will strengthen its cloud security products and help cement its place in the competitive cloud computing industry.

Dive in to explore the details of Google’s acquisition of Wiz!


Wiz quickly made a name for itself as a leader in cloud security solutions by providing an easy-to-use platform that connects cloud and code environments. This helps businesses, from startups to large conglomerates, steer clear of cloud-based cybersecurity challenges.

The rapid development of security products and innovative approaches to cloud security made Wiz a major player, and Google clearly saw the value in that.

The acquisition deal comes at an extremely important time, when the need for cybersecurity is greater than ever. With the growing usage of cloud services and the emergence of AI, more data is being stored and processed on the cloud.

The objective of Google and Wiz is to make cloud security simpler and more accessible for companies in diverse industries. The move will help in merging their capabilities to develop a comprehensive security system that can safeguard against possible threats.

So, what does the deal bring to the table? 

How Will Wiz’s Acquisition Help Google?

The acquisition focuses on multicloud systems, an essential component for Wiz’s key cloud providers: Oracle Cloud, Microsoft Azure, and Amazon Web Services. This guarantees that users can access clouds from various providers while staying protected.

Through Google Cloud Marketplace, Google Cloud is also committed to offering a wide range of partner security solutions.

Now, let’s discuss numbers!

Google's initial bid for Wiz was $23 billion, but they raised it to $32 billion, a 39% increase. This was driven by Wiz's outstanding 70% yearly revenue growth and total yearly revenue of over $700 million. To sweeten this deal, Google consented to a reverse breakup fee of over $3.2 billion, or more than 10% of the transaction value, in case the deal fell through. This large offer price, uncommon in corporate negotiating, reflects Google's confidence in Wiz's cloud security portfolio.

The deal represents a huge financial move for Google, with some implying that it may require extra funds to complete the purchase. However, the strategic benefits—improving Google Cloud's cybersecurity posture and enhancing its market position—are expected to exceed the financial implications.

The timing of the deal is also important as negotiations progressed after Donald Trump returned to the White House and recruited key antitrust authorities to assess the deal. This also increased Google and Wiz's trust that the deal would be handled smoothly by regulators. It's worth noting that some Wiz executives were concerned after Adobe's planned acquisition of Figma in 2023 failed over antitrust concerns. 

What Did Executives Say About The Deal?

The growing dependence on cloud services and advancements in AI have made cloud security more important than ever before. Google acknowledged the need to enhance its capabilities in this area, a key reason behind the acquisition of Wiz.


As Sundar Pichai, CEO of Google, said, “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.”

It was also stated that Wiz will get access to Google's vast resources and AI compute, strengthening its abilities and providing consumers with more options to safeguard their cloud and hybrid environments.

Analysts also believe that this acquisition will help Google compete with Microsoft Azure for enterprise customers, now that Google can attract new clients by providing an expanded range of services.

In brief, Google's acquisition of Wiz represents a strategic investment that speaks to the company's commitment to establishing top-tier cloud security services and competing with Microsoft Azure and AWS to land more enterprise clients.

How will this acquisition change the dynamic in the field of cloud security? Can Google Cloud take on AWS and Microsoft Azure with its renewed cloud security services portfolio?

Let us know in the comments below!