Alphabet, the parent company of Google, is further enhancing its cybersecurity, in the process of acquiring Wiz for $32 billion.
Previously, Alphabet was seen trying to buy Wiz for $23 billion but the purchase failed to proceed due to antitrust regulations.
With a higher acquisition value, Alphabet is seen committed to using Wiz's cybersecurity technology into Google Cloud which will help detect and address vulnerabilities in cloud systems.
This can provide confidence that their cybersecurity systems will always be secure and stronger security features can give Google Cloud an advantage by building trust with customers who want better protection for their data.
The CrowdStrike disruption last year, opened the eyes of many parties to the importance of cybersecurity and caused demand for this sector to soar.
After the acquisition, Wiz will become part of Google Cloud, and the deal is expected to be finalized by 2026.
