Alphabet, the parent company of Google, is reportedly in advanced negotiations to acquire Israeli cybersecurity firm Wiz for more than $30 billion. If finalized, the deal would mark Alphabet’s largest acquisition to date and a major expansion into the cybersecurity sector.
A renewed bid after a previously abandoned deal
The proposed offer is approximately one-third higher than Alphabet’s earlier bid of $23 billion in 2024. That deal was called off in July due to concerns over potential antitrust scrutiny. At the time, Wiz had opted to focus on an initial public offering (IPO) instead. However, with cybersecurity continuing to be a critical concern for businesses worldwide, Alphabet appears determined to secure the acquisition and bolster its security capabilities.
Strengthening Google’s cloud business
If the acquisition moves forward, it would significantly enhance Alphabet’s position in the cloud computing market, where its Google Cloud business generated over $43 billion in revenue in 2024. The move could further strengthen Google’s ability to compete with leading cloud providers such as Microsoft Azure and Amazon Web Services (AWS), both of which are key players in enterprise cybersecurity solutions.
Wiz: A leader in AI-powered cloud security
Wiz specializes in AI-driven cloud-based cybersecurity solutions, helping enterprises detect and mitigate security threats across multi-cloud environments. The company counts major firms such as Morgan Stanley and DocuSign among its customers and works closely with leading cloud providers, including AWS and Microsoft Azure.
Rising demand for cybersecurity solutions
The growing demand for advanced cybersecurity solutions has made companies like Wiz highly attractive acquisition targets. The industry has faced heightened scrutiny following incidents like the widespread CrowdStrike outage in 2024, which underscored the vulnerabilities of enterprise cloud infrastructure. With cyber threats escalating, businesses are investing heavily in security measures, making Wiz a strategic asset for Alphabet.
As discussions progress, industry analysts will be closely watching how Alphabet navigates regulatory hurdles and integrates Wiz into its broader cloud security strategy. A successful acquisition could reshape the competitive landscape of the cybersecurity industry, positioning Google as a dominant force in cloud security alongside Microsoft and AWS.
Read next: Sygnia and Wiz join forces to elevate cloud threat detection with integrated MDR services
