Google parent company Alphabet is on the verge of completing its $32 billion acquisition of Wiz, which will mark the largest cybersecurity acquisition in history. The deal awaits final EU regulatory approval expected by February 10, 2026, with US and Saudi Arabian clearances already secured. The Israeli-founded cloud security company will join the Google Cloud umbrella, fundamentally reshaping the cloud security market.
Deal overview
| Attribute | Details |
|---|---|
| Buyer | Alphabet Inc. (Google) |
| Target | Wiz, Inc. |
| Price | $32 billion (all-cash) |
| Announced | November 2025 |
| Closed | January 27, 2026 |
| Previous record | Cisco-Splunk ($28B, 2024) |
| Premium over 2024 offer | ~40% ($23B → $32B) |
A deal revived
The acquisition has a complicated backstory reflecting Wiz’s exceptional market position.
Timeline
| Date | Event |
|---|---|
| Mid-2024 | Google offers ~$23 billion |
| July 2024 | Wiz CEO Assaf Rappaport walks away |
| Late 2024 | Negotiations resume at higher valuation |
| November 2025 | $32 billion deal announced |
| November 2025 | US DOJ antitrust approval |
| January 2026 | Saudi antitrust approval |
| February 10, 2026 | EU decision expected |
| Post-EU approval | Deal closes (anticipated) |
Why Wiz walked away in 2024
CEO Assaf Rappaport cited:
- Concerns about regulatory scrutiny
- Desire to pursue independent IPO
- Belief in higher future valuation
The $32 billion revised offer—a 40% premium over the original—validated that belief.
Regulatory path
EU Commission review (pending)
The European Commission’s scrutiny focuses on potential “soft degradation”—concerns that Google might:
- Prioritize Wiz features for Google Cloud
- Slow innovation for AWS and Azure users
- Use data access to disadvantage competitors
| Regulatory milestone | Status |
|---|---|
| Phase I review initiated | Complete |
| Information requests | Responded |
| Competitive concerns raised | Addressed |
| Decision deadline | February 10, 2026 |
| Expected outcome | Approval without conditions (analysts) |
EU regulators have been particularly focused on Wiz’s multicloud positioning—the company’s tools work across AWS, Azure, and Google Cloud. Concerns center on whether Google would maintain this neutrality post-acquisition.
Commitment to multicloud
To address EU concerns, Google and Wiz have reportedly committed to:
| Commitment | Duration |
|---|---|
| Continue AWS/Azure support | Minimum 5 years |
| Feature parity across clouds | 3-year window |
| Separate Wiz engineering team | Organizational independence |
| Non-discrimination in pricing | Ongoing |
These commitments, if formalized, would provide structural protections for Wiz customers on competing cloud platforms.
US DOJ approval
The Department of Justice cleared the transaction in November 2025, removing the most significant regulatory obstacle. The approval suggests regulators viewed the deal as pro-competitive despite Google’s market position.
Saudi antitrust approval
The Saudi competition authority granted approval in January 2026, completing the Middle East regulatory clearance required due to Wiz’s presence in the region.
Wiz by the numbers
At deal announcement, Wiz had achieved remarkable scale for a company founded in 2020:
| Metric | Value |
|---|---|
| Founded | 2020 |
| Annual recurring revenue | $500 million+ |
| Fortune 100 customers | 40%+ |
| Employees | 1,500+ |
| Cloud platforms supported | AWS, Azure, GCP, Oracle |
| Primary offering | CNAPP |
What Wiz does
Wiz’s Cloud-Native Application Protection Platform (CNAPP) provides agentless security scanning across cloud environments:
| Capability | Function |
|---|---|
| Cloud Security Posture Management (CSPM) | Configuration and compliance |
| Cloud Workload Protection (CWPP) | Runtime security |
| Cloud Infrastructure Entitlement Management (CIEM) | Identity and access |
| Vulnerability management | Risk prioritization |
| Container security | Kubernetes and container scanning |
| Code security | Infrastructure-as-code scanning |
The agentless approach enables rapid deployment without installing software on protected workloads—a key differentiator that accelerated enterprise adoption.
Strategic rationale
Google Cloud’s security stack
The acquisition extends Google Cloud’s security capabilities:
| Component | Source | Function |
|---|---|---|
| Chronicle SIEM | Internal development | Security analytics |
| Mandiant | Acquired 2022 | Threat intelligence, IR |
| Siemplify | Acquired 2022 | SOAR |
| Security Command Center | Internal | Cloud security posture |
| Wiz | Acquired 2026 | CNAPP |
Competing with Microsoft
Alphabet’s willingness to pay a record premium reflects the strategic importance of security in cloud competition:
| Vendor | Security Revenue (Annual) |
|---|---|
| Microsoft | $20 billion+ |
| Google Cloud | Significantly lower |
| AWS | Growing but fragmented |
By absorbing Wiz, Google signals that cybersecurity is now the primary battleground for cloud market share.
Multicloud positioning
Google Cloud CEO Thomas Kurian confirmed Wiz will maintain multicloud support—critical for customers using Wiz across AWS, Azure, and Google Cloud:
“Wiz’s technology and team are unmatched in cloud security. This acquisition strengthens our ability to help organizations secure their entire cloud footprint, regardless of which providers they use.”
This commitment addresses customer concerns about vendor lock-in.
Integration plans
Technical integration
| Google Product | Wiz Integration |
|---|---|
| Security Command Center | Wiz risk prioritization engine |
| Chronicle SIEM | Native Wiz telemetry |
| Mandiant | Threat intelligence for vulnerability context |
| BigQuery | Security data analytics |
Organizational structure
- Wiz operates as dedicated security division within Google Cloud
- Assaf Rappaport continues as division leader
- $500 million investment in engineering expansion over two years
- Existing customer contracts honored
- Multicloud capabilities maintained
Competitive impact
Market reshaping
The deal forces responses from competitors:
| Competitor | Position | Expected Response |
|---|---|---|
| Palo Alto Networks (Prisma Cloud) | Leading CNAPP | Accelerate development, potential acquisition |
| CrowdStrike (Falcon Cloud Security) | Growing presence | Differentiate on XDR integration |
| Orca Security | Direct Wiz competitor | Acquisition target or IPO pressure |
| Microsoft (Defender for Cloud) | Integrated offering | Accelerate native capabilities |
| AWS | Fragmented security | Potential acquisition strategy |
Analyst perspective
Gartner noted the acquisition accelerates hyperscaler security consolidation:
“The deal signals that cloud providers are building comprehensive security platforms. AWS and Azure will respond with their own investments and potential acquisitions.”
Customer implications
Near-term continuity
| Commitment | Details |
|---|---|
| Contract honoring | All existing agreements maintained |
| Multicloud support | Continued AWS, Azure, Oracle coverage |
| Product roadmap | Accelerated with Google resources |
| Support | No disruption expected |
Long-term considerations
| Concern | Assessment |
|---|---|
| Vendor lock-in | Multicloud commitment mitigates |
| Pricing changes | Possible after integration period |
| Feature prioritization | Google Cloud may receive features first |
| Competitive data | Policies needed for cross-cloud data handling |
Financial impact
| Projection | Assessment |
|---|---|
| Google Cloud revenue accretion | Expected within first full fiscal year |
| Security revenue growth | Significant acceleration |
| Cross-sell opportunity | Large Google Cloud customer base |
| Enterprise positioning | Strengthened against Microsoft |
What happens if the deal closes
Day one changes
| Change | Impact |
|---|---|
| Wiz joins Google Cloud | Organizational integration begins |
| $500M engineering investment | Expansion hiring starts |
| Google sales enablement | Wiz included in GCP enterprise pitches |
| Stock grants convert | Wiz employees receive Google equity |
90-day integration
| Milestone | Expected action |
|---|---|
| Chronicle integration | Native Wiz telemetry in Chronicle SIEM |
| Security Command Center | Wiz findings surface in GCP console |
| Joint go-to-market | Combined enterprise security pitch |
| Engineering alignment | Technical integration planning |
Customer transition
| Customer type | Expected experience |
|---|---|
| Existing Wiz customers | Contracts honored, support continuity |
| GCP customers | Wiz offered as premium security add-on |
| AWS/Azure Wiz users | Continued support per commitments |
| New prospects | Combined Google+Wiz security story |
Competitive response timeline
The pending deal has already triggered competitive moves:
| Competitor | Response | Timeline |
|---|---|---|
| Microsoft | Accelerated Defender for Cloud roadmap | Ongoing |
| Palo Alto Networks | Prisma Cloud 3.0 announced | Q1 2026 |
| CrowdStrike | Falcon Cloud Security expansion | February 2026 |
| AWS | Security Lake partnerships expanded | Q1 2026 |
Industry analysts expect additional M&A activity as competitors seek to match Google’s expanded capabilities.
Context
The Wiz acquisition represents Google’s largest-ever deal and the cybersecurity industry’s largest transaction, surpassing Cisco’s $28 billion Splunk acquisition in 2024.
The deal reflects several market realities:
- Security is the new cloud battleground — Enterprises evaluate cloud providers on security capabilities
- CNAPP is strategic — Comprehensive cloud security platforms command premium valuations
- Multicloud is standard — Customers demand security tools that work across providers
- Hyperscalers are consolidating — Build vs. buy increasingly favors acquisition for speed
With EU approval expected February 10, 2026, the deal appears on track to close within weeks. For Google Cloud, Wiz will provide immediate credibility in enterprise security—an area where Microsoft has built significant advantage. For Wiz customers, the acquisition brings resources for accelerated development while maintaining multicloud independence.
The cybersecurity M&A market will likely see continued activity as AWS and other players respond to Google’s move.