3 weeks, 2 days ago

Alphabet back in talks to buy cybersecurity startup Wiz for $30 billion, source says

Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source familiar with the matter said on Monday, potentially marking the tech giant's largest deal to date. The startup provides cloud-based cybersecurity solutions powered by artificial intelligence that help companies identify and remove critical risks on cloud platforms. If the deal goes through, it could help Alphabet tap into the cybersecurity industry and expand its booming cloud infrastructure segment, which generated more than $43 billion in revenue last year. Alphabet walked away from a deal to acquire online marketing software company HubSpot last year.

The Hindu

Discover Related