Alphabet buys Wiz

Amazon and Microsoft are the big powerhouses in cloud services. Google is a distant third but has been pushing hard to grow the business with good success. Fortunately the demand side of the equation for cloud services is very strong.

To be a serious player in this space you need make sure that the service comes with strong security features. This is why Google is buying Wiz, a company which specialises in cloud security, for a whopping $33 billion. This will be Google's biggest deal ever, by some margin.

Kudos to Wiz's management team and board who rejected a $23 billion offer from Google last year July, saying that they wanted to stay independent. I suppose everyone has a price!

Wiz was started by 4 Israelis (pictured) based in New York in 2020. Wow it is a young business! They already have 1 200 employees, focusing on systems that scan computing infrastructure for risk factors that could allow hackers gaps to gain control or steal data. Clearly their platform is good enough to convince Google to part with $32 billion. Well done to them.