Alphabet’s Google Acquires Wiz for $32B – A Game-Changer in Cybersecurity
Written by Esther Loewy, MIBA Senior Director of Market Expansion – Michigan/US
Google Makes its Biggest Acquisition Ever
Alphabet’s Google has acquired the Israeli cybersecurity startup, Wiz, for a staggering $32 billion, marking the largest acquisition in Israel’s history. This deal comes after a previous $23 billion offer fell through last year and Wiz CEO Assaf Rappaport considered plans for an initial public offering:
“The need for cybersecurity, especially in the cloud, is growing day by day. Google wants to position itself alongside Amazon and Microsoft and become a significant player in this field.”
Growing Demand for Cloud Cybersecurity
The need for cybersecurity solutions, especially in the cloud, has been growing rapidly. Google aims to position itself alongside major players like Amazon and Microsoft, strengthening its presence in the cybersecurity field. This acquisition signals the growing importance of cybersecurity in the modern digital landscape.
The Bigger Picture: M&A and IPO Markets Heating Up
Wiz’s landmark acquisition could be the first of many, potentially opening the floodgates for M&A and IPO markets in 2025. Cybersecurity companies are increasingly becoming prime targets for acquisition as businesses scramble to protect their highly profitable models. According to CB Insights, cybersecurity solutions are expected to be one of the top acquisition targets in the coming year. Read more here.
