Google to Acquire Wiz in $33B Deal

In a landmark deal, Google’s parent company, Alphabet, is set to acquire Israeli cybersecurity firm Wiz for a staggering $33 billion. This marks the largest acquisition in Israeli high-tech history and a significant move for Alphabet.

The acquisition comes after initial negotiations faltered eight months prior. Wiz will operate as an independent division within Alphabet, with its headquarters remaining in Israel. The company’s founders, Assaf Rappaport, Yinon Costica, Ami Luttwak, and Roy Reznik, are expected to receive substantial payouts ranging from $2 billion to $3 billion each.

Wiz’s 1,800 employees are also slated to benefit from the deal, receiving “sale and retention” grants, with senior employees potentially earning millions and junior staff receiving hundreds of thousands of dollars.

Despite the acquisition, Wiz plans to expand its workforce and currently has around 100 open positions. This deal signifies a strategic move for Alphabet to bolster its cloud computing and cybersecurity capabilities, challenging competitors like Microsoft and Amazon.

Industry insiders point to several factors that influenced Wiz’s decision to accept the acquisition, including Alphabet’s increased offer, changes in U.S. leadership that improved prospects for regulatory approval, and successful negotiations ensuring operational independence.

Founded in 2020, Wiz has quickly become a leader in cloud security solutions. Its flagship product, CSPM (Cloud Security Posture Management), specializes in detecting vulnerabilities across cloud environments, servers, and other critical components.

This acquisition represents a major milestone for Israeli tech and reinforces Israel’s position as a global hub for cybersecurity innovation.