Google Agrees To Buy Security Vendor Wiz For 32-billion

The price tag is much higher than the roughly 23-billion Google had offered for Wiz last year before antitrust worries forced the start-up to shelve the deal.

The all-cash deal will bolster Googles cloud business with Wizs AI-powered cybersecurity solutions that companies use to remove critical risks, helping it compete better in an industry benefiting from the rise of generative AI services like ChatGPT.

A harsh regulatory environment in 2024 had made it difficult for many firms to push through large deals, but Wall Street is optimistic that the Trump administration would drop some antitrust policies.

One of the fastest-growing software start-ups, Wiz offers cloud-based cybersecurity solutions and was valued at 12-billion in a funding round last May.

After the Google deal collapsed, Wiz said in an internal memo that it would focus on an initial public offering and on higher recurring revenue.