Google has completed its $32 billion acquisition of cloud security company Wiz, marking its largest acquisition to date. This deal surpasses Google's previous record acquisition of Motorola Mobility for $12.5 billion in 2012 and represents the largest exit in Israeli tech history. Wiz, founded in 2020, quickly became a leader in cloud security, boasting an annual revenue of approximately $700 million at the time of acquisition.
Despite the high price-to-sales ratio of over 45 times, Google pursued Wiz to strengthen its position in the cloud computing sector. Wiz's rapid growth and its client base, which includes nearly half of the Fortune 100 companies, were key factors in the acquisition. Google aims to leverage Wiz's agentless cloud security technology to enhance its Google Cloud offerings, maintaining Wiz's operational independence post-acquisition.
Google Finalizes $32 Billion Acquisition of Cloud Security Firm Wiz
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