New York, March 19 -- Tech major Google on Tuesday announced to acquire Wiz, a leading cloud security platform headquartered in New York, for $32 billion in an all-cash transaction. Once the acquisition is closed, Wiz will join Google Cloud.

This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era - improved cloud security and the ability to use multiple clouds (multi-cloud). "From its earliest days, Google's strong security focus has made us a leader in keeping people safe online. Today, businesses and governments that run in the cloud are looking for even stronger security solutions, and greater choice in cloud computing providers," said Sundar Pichai, CEO, Google.

"Together, G...