The companies didn’t disclose Wiz’s revenue in disclosing the deal and Alphabet didn’t respond to a request for information about that figure. But multiple media outlets have reported that Wiz had $500 million of annual recurring revenue at one point during 2024 and aimed to reach $1 billion in 2025.

Alphabet announces $32B acquisition of Wiz for cloud security, analysts maintain neutral ratings and see potential growth for Google Cloud.

Alphabet Inc. is in talks to purchase cloud-security company Wiz Inc. for $33 billion, restarting discussions that were called off last summer after extended negotiations, according to people familiar with the matter.