Google is making another big move in the cloud service space, aiming to boost its cloud security by acquiring Wiz. Wiz is a company that specializes in cloud protection for both small and large businesses. Google believes this acquisition will strengthen its ability to sell cloud storage plans by adding enhanced security features. The deal, worth $32 billion, still needs approval from the relevant regulatory authorities.
Google’s Second Attempt to Buy Wiz
This marks Google’s second attempt to buy Wiz. Earlier, Google offered $23 billion, but the offer was rejected. Now, with this new offer, Google plans to enhance its cloud security and give customers the option to use multiple cloud services (multicloud). As artificial intelligence (AI) grows, securing cloud data has become crucial. Wiz’s platform provides easy-to-use security that works with the most popular cloud platforms.
Wiz’s Independent Operations After the Acquisition
After the deal, Wiz will not disappear. Instead, the company will continue to operate independently. Google will also offer Wiz’s services to customers through the Google Cloud Marketplace. This gives users more options while benefiting from the extra security Wiz brings.
Finishing off the deal will bring more security and convenience to Google’s cloud services, helping protect users’ data in the ever-evolving digital world.
