Google's parent company Alphabet plans to acquire Wiz for over 3.6 trillion yen, which would be the company's largest acquisition ever if it goes ahead

Google's parent company, Alphabet, is planning to acquire Wiz , an integrated cloud security platform, for about $23 billion, The Wall Street Journal reported. If the deal goes through, it would be Alphabet's largest acquisition to date.

Exclusive | Google Near $23 Billion Deal for Cybersecurity Startup Wiz - WSJ
https://www.wsj.com/business/deals/google-near-23-billion-deal-for-cybersecurity-startup-wiz-622edf1a

Google reportedly in talks to acquire cloud security company Wiz for $23B | TechCrunch
https://techcrunch.com/2024/07/14/google-reportedly-in-talks-to-acquire-cloud-security-company-wiz-for-23b/

Wiz was founded by former Microsoft employees Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, and has expanded by acquiring small security startups. Wiz provides an all-in-one cloud security service that ingests data from cloud platforms such as Amazon Web Services, Microsoft Azure, and Google Cloud and detects security risk factors. Wiz had just announced $1 billion (approximately 160 billion yen) in funding in May 2024.

Wiz: #1 Cloud Security Software for Modern Cloud Protection

According to a Wall Street Journal report, Alphabet is in talks to acquire Wiz for $23 billion, but the deal has not yet been finalized. However, the Journal also reports that the deal could close soon. Alphabet executives appear to see the Wiz acquisition as a way to bolster Google's cloud business, which recorded sales of $9.57 billion in the first quarter of 2024 , up 28% from the same period last year.

Google's parent company Alphabet announces first quarter 2024 financial results, YouTube advertising revenue up 21% year-on-year to hit record high - GIGAZINE

At the time of its most recent funding, Wiz reported annual recurring revenue of $350 million. Wiz's investments include venture capital firms, investment managers and investors including Andreessen Horowitz , Lightspeed Venture Partners , Thrive Capital , Greylock Partners , Wellington Management , Cyberstarts , Greenoaks , Howard Schultz , Index Ventures , Salesforce Ventures and Sequoia Capital .

TechCrunch has reached out to Alphabet and Wiz for comment on the reports, but has not received a response at the time of writing.

Alphabet has recently reported that it has put on hold its acquisition of online marketing software developer HubSpot.

Google's parent company Alphabet puts HubSpot acquisition on hold, HubSpot's stock price hits biggest drop since 2020 - GIGAZINE

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Security platform Wiz rejects $3.6 trillion acquisition by Google's parent company Alphabet, and will pursue IPO as originally planned - GIGAZINE