World News | Alphabet to Buy Cybersecurity Startup Wiz for USD 32 Billion

New York, Mar 18 (AP) Google owner Alphabet will buy cybersecurity startup Wiz for USD 32 billion.

The all-cash deal is set to boost Alphabet's profile in the cloud computing market, a space currently led by Amazon and Microsoft. Once the transaction is closed, the company says Wiz will join Google Cloud.

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“Today, businesses and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers,” Google CEO Sundar Pichai said in a statement Tuesday — adding that Google Cloud and Wiz will “turbocharge improved cloud security and the ability to use multiple clouds” together.

Wiz, a four-year-old startup headquartered in New York, makes security tools designed to shield the information stored in remote data centres from intruders.

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Google has had its eyes on Wiz for some time. The purchase price announced Tuesday surpasses a reported USD 23 billion buyout proposal that Wiz rejected last July. (AP)

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