Delhi 19 march 2025 (Punjab Khabarnama Bureau): Google’s parent company Alphabet made a significant announcement. The company has decided to acquire New York-based cybersecurity startup Wiz Inc. for $32 billion (₹2.7 lakh crore). This marks Alphabet’s largest cash deal to date. Through this acquisition, Alphabet aims to further strengthen its Google Cloud business.
Google CEO Sundar Pichai stated, “Google has always prioritized cybersecurity. Today, businesses and governments demand more secure cloud solutions and multi-cloud options than ever before. Together, Google Cloud and Wiz will take cloud security to a new level.”
Why is Wiz Special?
Wiz is considered one of the fastest-growing cybersecurity companies. In 2023, its annual revenue was $500 million, which is expected to reach $1 billion by 2025. In 2023, Wiz raised investments at a $12 billion valuation, which later increased to $16 billion (approximately ₹1,380 billion). With this acquisition, Alphabet aims to further enhance its cloud security infrastructure.
Summary: In a major deal, Google has acquired cybersecurity company Wiz for ₹2.7 lakh crore, strengthening its security infrastructure.