© Unsplash/Greg Bulla
Seen from afar, takeovers of cybersecurity companies are not very sexy… and yet, we must not take these operations too high. Especially when the sponsor of the operation is called Google, and the amount exceeds 20 billion dollars.
Google is thus preparing behind the scenes the acquisition of Wiz, a New York startup close to firms like Amazon and Oracle, and which describes its activity as “provider of silo security tools and scanners for businesses” – the latter term meaning “isolated” and dedicated to a specific application case.
Why Google spends so much to buy a cybersecurity company ?
The description of the company's activities specifies that its solution “creates a layer of standardization between cloud environments” enabling companies “to quickly identify and eradicate critical risks”. Enough to position itself more favorably, note our colleagues from The Verge, than players such as Microsoft – which is regularly the target of high-profile security breaches.
By buying Wiz for an expected amount of $23 billion, Google is not only signing the largest check in its historyfor an acquisition; the firm wants to solidify its suite of cloud tools (in particular Google Workspace) as a secure collaborative work solution. But also more broadly its cloud infrastructure solutions.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000Beyond, the operation must allow the company to keep a step ahead even though the development of generative AI risks giving rise to new security problems. However, there is nothing official about the operation yet. It would be managed behind the scenes by Thomas Kurian, the current president of the Google Cloud branch.
Although a favorable outcome is the most credible at this stage, questions remain. In particular because several acquisitions have failed in recent years, due to antitrust issues. Google (Alphabet) itself has been the target of several legal actions. One notably aimed at an agreement with Apple around Google Search.
- Google would be on the verge to pay $23 billion to buy Wiz, a New York startup providing cybersecurity solutions for the cloud.
- If it comes to an end, the buyout would be the largest in Google history – surpassing the acquisition of Motorola Mobility in 2012, or in an even larger proportion, that of the cybersecurity firm Mendiant in 2022 – while demonstrating the major importance of this area of activity for the firm.
- By focusing on cybersecurity, Google seems not to want to repeat the same mistakes as large companies like Microsoft – especially since the advent of generative AI raises new risks which can harm over time the reputation of the company for the security of the data and services of its professional clients.
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