Google opens the big wallet

New Record Purchase by Google

Google pays 321 billion sek for a security company offering cloud security.

Published Modified

Google announces that it has bought the company Wiz, which offers a security platform for cloud solutions. The company has made a name for itself since its inception in 2020. Wiz reached a revenue of 100 million dollars after just 18 months and has ambitious plans to reach a revenue of 1 billion dollars.

Google has paid 32 billion dollars, equivalent to just over 321 billion Swedish kronor, and the plan is for the platform to be integrated into Google Cloud to offer additional cloud security for Google's services. 

However, the deal is not quite finalised yet as it is subject to customary closing conditions, including regulatory approvals.