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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Google buys cybersecurity firm Wiz for $32 billion: Here are other big acquisitions by Alphabet
Alphabet will be acquiring cybersecurity startup Wiz for $32 billion. This is Alphabet’s largest-ever deal as it seeks to enhance cloud computing security. The price of the acquisition, announced on Tuesday, is significantly higher than the $23 billion Google had initially offered for Wiz in 2023.
The all-cash acquisition is expected to strengthen Google Cloud’s security capabilities against rivals Amazon Web Services and Microsoft Azure. The 2023 deal had fallen through over antitrust concerns. This led the cybersecurity startup to shift its focus towards an initial public offering (IPO) and boosting recurring revenue. However, with shifting regulatory policies and Wall Street’s optimism about a more business-friendly environment under Donald Trump, Google successfully revived and completed the deal.
Why did Google acquire Wiz?
A Reuters report stated that Wiz is one of the fastest-growing software startups which was valued at $12 billion in a funding round last May. The company offers AI-driven cloud security solutions. This helps businesses detect and mitigate cyber threats.
Interest in cybersecurity has skyrocketed since the CrowdStrike outage last year, which affected operations across industries. Businesses have been heavily investing in securing their digital assets which makes Wiz a valuable addition to Google. The company previously acquired Mandiant for $5.4 billion in 2022, outbidding Microsoft. The Wiz acquisition only cements its position in the cybersecurity sector.
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The impact of Google buying Wiz
In spite of the strategic significance of the deal, Google’s shares dipped slightly in premarket
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21.05 / 10:17
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21.05 / 10:17
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21.05 / 10:17
markets
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21.05 / 09:47
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‘Should I Marry a Murderer?’ has left audiences stunned but what they saw wasn’t all that bizarre
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
