Why does Alphabet want to buy Vij for 32 billion dollars?

Washington Washington. Google's original company Alphabet has announced a plan to purchase cyber security firm Wiz in cash at $ 32 billion. This acquisition will be the largest ever deal of Alphabet, which aims to strengthen Google's cloud business and compete with competitors such as Amazon Web Services (AWS) and Microsoft Azure.

Why is WIZ acquisition important?

The deal is larger than a $ 23 billion proposal for WIZ in 2024 by Google, which failed due to antitrust concerns. This time, Analysts of Wall Street are expecting it to succeed due to potentially liberal regulatory environment. However, this acquisition is still subject to regulator approval.

Strategic advantage for google

Wiz's AI-operated security solutions can give Google a strong lead in cyber security and cloud computing. Wiz's services work with cloud providers such as AWS, Microsoft Azure, Oracle, and Google Cloud and serve big customers like Morgan Stanley, BMW, and LVMH.

Google-WIZ deal effect

Google Cloud CEO Thomas Kurien said,

“We aim to make cyber security more accessible and user friendly. Our aim is to protect businesses by stopping cyber attacks and reduce operating disruption.”

Google said that despite Wiz acquisition, its products will continue to work independently and its products will be available on all major cloud platforms. Wiz will expand its workforce in the future and seek the possibilities of other acquisitions.

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