Google Completes $32 Billion Purchase of Cybersecurity Firm Wiz

Google says it has finalized its acquisition of cloud/artificial intelligence (AI) security platform Wiz.

With the deal concluded, Wiz will become part of Google Cloud as that division of the company invests in improved cloud security, the tech giant said Wednesday (March 11). The $32 billion deal was first announced last March.

“In today’s AI era, more businesses and governments are migrating their most important data and systems to the cloud and turning to agile and continuous software development,” Google said in its announcement. “As these organizations operate in a multicloud environment and adopt AI, attackers are using AI to operate with greater speed and sophistication.”

Wiz offers Google “deep expertise” in cloud environments and code, connecting to all major clouds and helping stop and address cybersecurity incidents. Its capabilities complement Google cloud infrastructure and AI background, including AI-powered threat intelligence and security operations tools, the announcement added.

“We want to make security a catalyst for innovation, not a barrier,” said Thomas Kurian, CEO of Google Cloud. “With this acquisition, we will deliver a unified security platform that simplifies the complex task of protecting multicloud environments in the AI era, making a strong security posture accessible to more companies and governments.”

Google says Wiz’s product will continue to work with and be available across other major cloud services, including those of Amazon, Microsoft, Oracle and Google itself.

Google has been trying to acquire Wiz since 2024, offering $23 billion for the company, a bid that Wiz rejected.

“Saying no to such humbling offers is tough,” Wiz co-founder Assaf Rappaport wrote in an internal memo cited by CNBC at the time.

A source familiar with Wiz’s internal decision-making told the network that investor and antitrust concerns were among the company’s reasons for not accepting that initial deal. The second deal, made under a much more friendly antitrust environment in Washington, received Department of Justice approval last year, with the European Union giving its OK in February.

“The acquisition comes at a time when cybersecurity is paramount,” PYMNTS wrote last year, soon after a supply chain attack compromised open-source software used by more than 23,000 organizations with credential-stealing code. “In response to the evolving threat landscape, organizations are increasingly investing in advanced security solutions to safeguard their operations and data.”