Google is acquiring cybersecurity startup Wiz for $32 billion to strengthen its cloud services. Wiz, generating $700 million annually and used by over 50% of Fortune 100 companies, supports multicloud environments, which Google plans to maintain. This ensures customer retention and helps avoid antitrust issues. With only 12% cloud market share, Google aims to compete with leaders AWS and Azure through this major deal. The acquisition also positions Google to defend itself against regulatory scrutiny by promoting cloud competition.
Read Full Article :- Why Google’s $32 Billion Wiz Acquisition Is a Game-Changer for Multicloud Security
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