According to reports, Google is readying to acquire cloud cybersecurity status Wiz for as much as $23 billion.
The acquisition would be the most that Google has ever paid in purchasing another company., which reports that Alphabet and Wiz are in advanced talks for the former to acquire the latter, in a deal that is believed to be worth $23 billion.
Here Wiz operates as a platform that pulls in data from all the notable cloud hyperscalers and scans their data for any potential cybersecurity issues. Put more eloquently, the company offers, “siloed security tools and scanners”. With Google Cloud growing 28 percent during the first quarter of 2024, enhancing the hyperscaler’s cybersecurity capabilities seems an apt move.
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