The largest acquisition in Google’s history is being made. The cloud security business, Wiz, is being acquired by the company’s parent company, Alphabet, for $32 billion in an all-cash deal.
The agreement has now been verified. Previously, a source called the deal a $33 billion deal. To ensure that everyone remains on after the acquisition, Google is also giving out $1 billion in retention bonuses on top of the purchase price. That equates to more than $588,000 per employee on average for the 1,700 employees that work for the organisation (real figures may vary based on individual wages).
Not just Google Cloud Platform, but other cloud providers will be able to use Wiz as an independent platform. As Wiz has been trying to do over the past year, there will probably be more acquisitions in addition to more hires to grow the company.
According to our sources, Wiz’s current recurrent revenue is $700 million annually. We’ve been told that the agreement is similar to the one between Microsoft and LinkedIn in terms of autonomy within the larger company. (Notably, LinkedIn has increased its reliance on Microsoft services over time, so perhaps that makes the connection more important than it was intended to be.)
The firms anticipate finalising the acquisition in 2026, but regulatory and other approvals are still pending. Before this, Google’s largest acquisition was the $12.5 billion purchase of Motorola Mobility in 2011. For almost a year, this acquisition has been intermittent. For $30 billion, negotiations seemed to pick up steam this week.
Assaf Rappaport, the CEO of Wiz, a company based in New York, is currently in Israel, while Thomas Kurian, the CEO of Google Cloud, is currently in Europe. According to what BrandSpur digital news platform gathered, Kurian was in charge of this transaction, and Wiz will work under him to manage the company’s significant push into cloud security.
He stated in a statement that partly reads: “Google Cloud and Wiz share a joint vision to make cybersecurity more accessible and simpler to use for organizations of any size and industry.
“Enabling more companies to prevent cyber attacks, including in very complex business software environments, will help organizations minimize the cost, disruption and hassle caused by cybersecurity incidents,” he added.
Google made a $23 billion offer to purchase Wiz last year, but the negotiations reportedly broke down due to worries about antitrust difficulties, Wiz’s independence for development under Google Cloud, and possibly even the price tag. Based on a $1 billion investment round earlier in the year, Wiz was valued at $12 billion at the time of the sale negotiations.
Meanwhile, a new U.S. president has been elected, and some people think the new regulatory framework would create a more hospitable environment for large tech acquisitions that were previously banned.
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Google has expressed interest in acquiring Wiz to accelerate its growth in two areas: enterprise cloud, where it still lags behind AWS and Microsoft Azure, and security, where it does have some products (Mandiant is a crucial component of that), but none of the scale, scope, or growth trajectory of Wiz. The fact that Wiz is joining Google Cloud with an established, sizable company makes it especially alluring.
It is currently on course to reach $1 billion, which is quadruple the yearly recurring income from the previous year.
Additionally, a Wiz acquisition might neutralise or possibly enhance any fluctuations in AI, the other significant area in which Alphabet is investing.
According to Google in an announcement today: “The increased role of AI, and adoption of cloud services, have dramatically changed the security landscape for customers, making cybersecurity increasingly important in defending against emergent risks and protecting national security.”
Wiz conducted a secondary sale shortly after the deal first fell through in 2024 at a $16 billion valuation; new acquisition triple that amount. For Wiz’s investors, who include Sequoia, Cyberstarts, Index Ventures, Salesforce, Thrive Capital, Greenoaks, and about two dozen others, that represents a substantial windfall.
However, Wiz was rumoured to be raising money at an even larger valuation. The company’s founders had previously co-founded and sold a security startup to Microsoft, which served as the foundation for the company’s cloud security division.
On stage at Disrupt last year, Rappaport said that Wiz was the one who backed out of the transaction, calling it “the toughest decision ever” but insisting it was “the right choice.” He did not rule out the prospect of an acquisition in the future, though.
