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- Lesha Bank CEO in Forbes Middle East's 'Top 40 Asset Managers list for 2025'
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19/03/2025 06:35 AST
Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure.
The all-cash deal brings Wiz into the Google Cloud operation, boosting the capacity of consumers to use "multiple clouds" and providing "an end-to-end security platform for customers, of all types and sizes, in the AI era," the companies said in a joint press release.
The deepening influence of AI makes "cybersecurity increasingly important in defending against emergent risks and protecting national security," the companies said.
The transaction, the largest ever sought by Google or parent Alphabet, will test President Donald Trump's openness to large takeovers after resistance to such deals by the administration of Joe Biden.
Alphabet had been close to a Wiz takeover last summer, but the deal fell apart due in part to regulatory concerns, according to the Wall Street Journal.
Started in 2020 by co-founder and CEO Assaf Rappaport and a team who sold a previous venture to Microsoft, Wiz will continue to work and provide services to platform led by other tech giants including Amazon Web Services and Microsoft Azure.
In a webcast after the deal was announced, Rappaport said the service "continuously scans an organization's code and cloud environments, monitoring them in real time" to "prioritize the most critical risk based on real impact and blocks active threats."
AFP
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
19/03/2025
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the Europ
Reuters
19/03/2025
Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car. The company sai
AFP
19/03/2025
Türkiye's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and stocks also tumbling sharply, after authorities detained President Recep Tayyip Er
Asharq Al Awsat
19/03/2025
Egypt's President Abdel Fattah El-Sisi has announced that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional "situation," as Yemen's Houthis have been attac
Reuters
17/03/2025
Global trade reached a record high of $33 trillion in 2024, marking a 3.7 percent increase from the previous year, driven by an uptick in the services sector.
According to the latest Global
Arab News
Financial Information Co.
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