WIZ is on a smartphone in New York, the United States, on Tuesday, July 16, 2024.
Gabi Jones Bloomberg Gety pictures
Google It took place on Tuesday a “Final agreement” For Wiz, a New York -based boiling emerging company, for $ 32 billion in a deal from all inscriptions.
The deal, the largest Google company ever, will enhance the company’s security technology in a world of progress in artificial smart threats and cybersecurity. Wiz will become part of the company’s cloud business, and Google said it expects the deal to be closed in 2026.
“Google Cloud is a pioneer in cloud infrastructure, with deep experience of artificial intelligence and a busy record for creating leading security in the industry,” Google said in a release. “Bring all this to WIZ will help make their solutions better and more developing, and customers and partners benefit in all major clouds.”
Last year, Wiz Awa walkedY from a possible acquisition of $ 23 billion by Google and told employees that he would do so Follow -up to the public subscription instead of. However, the public subscription market has not yet opened an important way since the deals are slow to a field starting in 2022, and technology companies have been optimistic that the Trump administration will open the door to large acquisitions after four difficult years under the leadership of President Joe Biden.
A source familiar with the matter told CNBC that WIZ had moved away from the deal in July due to anti -monopoly and investor fears.
Assaf Rapaport, co -founder of WIZ, wrote to employees in a note at a time obtained by CNBC: “No saying such modest offers is difficult.”
A month later, a federal judge Ruling Which – which Google It is monopolized in the search market, after four years of government introduction to it Historical issueThat claimed that Google created intense barriers in front of the entry and the counted nutrition ring that kept its hegemony.
The Opest CEO Sondar Pachay Among a group of prominent technological executives who attended President Donald Trump The opening in January and the company $ 1 donation One million for the opening fund.
Assaf Rapaport, WIZ, at the lead center during the first day of the 2021 web summit at Altice Arena in Lisbon, Portugal.
Harry Murphy Sportsfile | Gety pictures
Before reporting the latest talks with Google, Wiz put its attention on the public subscription and $ 1 billion of repeated annual revenues. In the July Memorandum, Rappapt wrote that the company will follow these landmarks.
Wiz was founded in 2020 and rapidly grew under Rappapt, with the company beating $ 100 million in repeated annual revenues After only 18 months. The company’s cloud safety products include prevention, active discovery and response, and it is a portfolio of large companies and will help Google to compete with them MicrosoftWhich also sells safety programs.
Rapaport said in a Blog post Tuesday.
While Google has a long history of integration and purchases, it has moved away from Megadeals. Before Wiz, its largest purchase of $ 12.5 billion for Motorola’s bike brand was in 2012. After that, the company sold some assets to Lenovo for $ 2.9 billion. Google has also performed in acquisition of cybersecurity in the past, pushing 5.4 billion dollars for Majesty in 2022.
Alphabet was closed by $ 96 billion in cash and marketable securities.
Companies said that Wiz products will continue to work on competitors, including Amazon Web Services, Microsoft Azure and Oracle Cloud. Wall Street Journal first I mentioned Monday The companies were in advanced discussions.
Alphabet shares fell 2 % on Tuesday and are now 15 % for this year.
Jennifer Elias of CNBC and Jordan Novit contributed to this report.
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