Google to buy Israel's Wiz for a record of 32 billion US dollars

The parent company of Google, Alphabet Finance timeswhat makes it the greatest acquisition in Israeli history.

The purchase was later confirmed by Assaf Rappaport, the CEO and co -founder of Wiz, in a contribution about LinkedIn, although he did not mention the price.

The first discussion about WIZ Google Buiz began in July last year when it was reported that Alphabet was in discussions about the purchase of the Israeli unicorn for a sum of $ 23 billion.

However, the acquisition collapsed due to antitrust concerns of some WIZ investors and directors.

The New Deal, which will be officially announced on Wednesday, will not only set records because it is the largest acquisition in Israel, but also because it is Google's greatest acquisition.

Alphabet's largest acquisition before was the purchase of Motorola mobility of $ 12.5 billion.

In his contribution, Rappaport confirmed the company's commitment to be a multicloud platform and said today: “Today Google has concluded an agreement to acquire WIZ.

“We do not keep our innovation pace -we also accelerate it according to WIZ standards.

WIZ was founded in 2020 by the former Microsoft and Adallom executives Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik.

It offers companies a security platform to identify and remove risks in the cloud, and supports many large Fortune -100 companies.

The company, which has its headquarters in New York with offices in Israel, grown quickly and rated $ 12 billion in May last in May after it was closed by a financing round of $ 1 billion from Lightspeed Venture Partners and Thrive Capital.

In July last year I said, CEO of the Israel Innovation Authority that he should acquire WIZ because it has no significant cybersecurity player in his portfolio.

“You compete with Cloud services with Amazon and Microsoft, and both companies have clear cyber strategies.

The largest offer in Israeli Tech history was so far when the US giant Intel bought ddollar for $ 15.3 billion in 2017 for $ 15.3 billion.