- The parent company of Google is preparing a giant acquisition
- Alphabet is in talks to buy startup Wiz
- It will be the largest purchase in the company’s history
Alphabet is about to make the biggest acquisition in its history
The American company Alphabet, under which the technology giant Google falls, is in an advanced stage of negotiations to buy the start-up Wiz. The latter deals with cyber security and cooperates with many cloud service providers, such as rival Microsoft or Amazon.
Google is planning the biggest purchase in history
It is shaping up to be the largest acquisition in Alphabet’s history. According to information Wall Street Journal the acquisition is almost complete and the official announcement of the deal should take place in the coming days. The news is quite surprising, especially at a time when US authorities are fighting against the burgeoning tech giants.
Acquisition of a start-up Wiz will be Alphabet’s largest investment in history so far. The last major investment was the purchase of Motorola Mobility, which cost the company $12.5 billion. Buying the Wiz will top this deal by nearly two-fold — it’s supposed to Alphabet buy Wiz for 23 billion dollars (535 billion crowns).
Google Drive becomes a more secure cloud storage with the help of Wiz
What does Wiz do for a living?
Wiz was founded in Israel, but now operates mainly in the US, specifically in New York. It is one of the fastest growing cybersecurity software companies. Wiz provides cloud security with real-time threat detection to many businesses, all with leverage artificial intelligence.
Start-up Wiz had sales of around $350 million last year and works with more than 40% of the Fortune 100 companies. This list includes the most valuable and successful companies.
A common strategy of tech giants
Big companies like Alphabet, Microsoft whether Apple quite often they buy smaller start-ups because they always want to have the best professionals in the field available. If Wiz hadn’t been bought by Alphabet, it would have been bought by a rival company, just later and at a higher price, as Wiz’s value continues to grow.
Source: mobilizujeme.cz
