Google Acquires Wiz for $32 Billion in Largest Deal Yet

March 18, 2025

2 minutes read

Google acquires Wiz
Google acquires Wiz

Google Acquires Wiz for $32 Billion, Setting a New Record

In a landmark deal, Google acquires Wiz for $32 billion in an all-cash transaction. This acquisition makes Wiz, a cloud security startup, the most expensive purchase in Google’s history. The deal includes an additional $1 billion in retention bonuses, ensuring that Wiz’s 1,700 employees remain onboard post-acquisition.

Why Google Wants Wiz in Its Portfolio

Wiz, currently generating $700 million in annual recurring revenue, has become a major player in cloud security. With this acquisition, Google aims to strengthen its enterprise cloud business and compete with AWS and Microsoft Azure.

Despite the buyout, Wiz will remain an independent platform, continuing to support all cloud providers, not just Google Cloud. The startup also plans to expand its workforce and pursue additional acquisitions to accelerate growth.

SEE ALSO: RegTech Africa Conference 2025: A Game-Changer for Fintech Startups in Africa

Google Cloud CEO Leads the Deal

Thomas Kurian, CEO of Google Cloud, played a pivotal role in securing the deal. He highlighted Google’s mission to enhance cybersecurity accessibility.

“Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler to use for organizations of any size and industry,” Kurian stated.

Assaf Rappaport, CEO of Wiz, led his company through negotiations, securing a deal that more than doubles its $16 billion valuation from a recent secondary sale.

Regulatory Approval and Market Implications

The acquisition still requires regulatory approval, with finalization expected in 2026. A shift in the U.S. regulatory environment could favor big tech mergers, making this deal more viable than it was last year when Google initially offered $23 billion for Wiz.

Google’s move comes at a time when AI and cloud security are evolving rapidly. The company sees Wiz as a way to bolster its cloud security division while also hedging against fluctuations in AI investments.

For Wiz’s investors—including Sequoia, Cyberstarts, and Salesforce—the acquisition represents a massive return on investment.

With Google acquiring Wiz, the cloud security landscape is set for a significant shift, reinforcing the growing importance of cybersecurity in the AI-driven era.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Crypto ATM regulation Australia

Australia’s AUSTRAC Puts Crypto ATM Operators on Notice Over Money Laundering Risks

Australia’s financial crimes watchdog, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has issued a ...

African startup funding

African Startups Cross $2 Billion in Funding as 2025 Brings a Cautious Outlook

African Startup Funding Surpasses $2 Billion Amid Changing Market Trends African startup funding reached a ...

Tecno Camon 40 Premier Unveiled: A Feature-Packed Mid-Ranger with Premium Design

Tecno Camon 40 Premier: A Stunning Mid-Range Contender The Tecno Camon 40 Premier has officially ...

EU response to US tariffs

Olaf Scholz Warns U.S. Against Trade Tariffs, Asserts EU’s Readiness to Retaliate

EU Response to US Tariffs: Olaf Scholz Warns Washington Against Trade War German Chancellor Olaf ...

Latest News

Today in History

April 1st is the day in 1954 that President Dwight D. Eisenhower authorizes the creation of the United States Air Force Academy in Colorado.

Exchange Rate Per Dollar

AM Armenian Dram390.977
GH Ghana Cedi15.5004
GM Gambian Dalasi72
GN Guinea Franc8,652.2
NG Nigerian Naira₦1,533.72
CF CFA Franc BEAC606.963
01 Apr · CurrencyRate · USD
CurrencyRate.Today
Check: 01 Apr 2025 06:05 UTC
Latest change: 01 Apr 2025 06:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?