TECH - Google's Potential $23B Wiz Acquisition Set To Enhance Cloud Security | Benzinga
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is in advanced talks to acquire cloud security firm Wiz in a deal potentially worth up to $23 billion, an acquisition that would significantly enhance Google’s cloud security capabilities, helping it compete with major rivals such as Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT).
The deal would also mark Google’s most expensive acquisition to date.
If successful, the acquisition of Wiz will provide Google with advanced cybersecurity tools designed to protect large organizations from ransomware attacks, reported Reuters.
Wiz’s offerings include comprehensive infrastructure and software scanning tools that give customers clear visibility into potential threats, senior intelligence analyst at MalwareBytes, Jerome Seguera, told Reuters.
Google has been steadily expanding ...