July 14, 2024 at 03:42PM
Alphabet, Google’s parent company, is close to acquiring cybersecurity startup Wiz for approximately $23 billion, potentially its largest acquisition. Wiz, an Israeli company, offers cloud security software, and the acquisition would strengthen Alphabet’s cybersecurity portfolio, including recent acquisitions like Mandiant and Siemplify. This move aligns with Google’s strategy to expand its presence in the cybersecurity market.
After reviewing the meeting notes, the key takeaways are:
– Alphabet, Google’s parent company, is close to acquiring the cloud security startup Wiz for a deal valued at around $23 billion, which would be its largest acquisition to date.
– Wiz, an Israeli startup, specializes in software that scans enterprise cloud deployments to identify and address security vulnerabilities.
– This potential acquisition is part of Alphabet’s broader strategy to expand its cybersecurity portfolio, which includes previous acquisitions of Mandiant and Siemplify.
– Google had previously announced an enterprise security strategy that includes new threat-intel and security operations products, as well as plans to utilize AI in the cybersecurity market.
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