By paying nearly six times what it spent on Mandiant, Google is making a decisive bet on cloud security. The acquisition of Wiz promises instant credibility in multi-cloud security, but at a valuation that leaves little room for execution error.
Prior to the pending 2025 acquisition of Wiz, Google Cloud Platform’s (GCP) security strategy was built around internal development and major acquisitions, with a primary focus on threat intelligence, security operations, and identity management. The most expensive of Google’s acquisitions was Mandiant, which was acquired in 2022 for $5.4 billion due to its provision of high-quality incident response, strategic security consulting, and threat intelligence. This price comes as a high contrast to the $32 billion acquisition of Wiz in 2025. This high-priced acquisition could either become a game-changer for Google’s cloud security operations or one of the priciest overreaches of the last few years.
Historically, Google Cloud Platform has held a lower market share in cloud infrastructure services, accounting for 11% of the worldwide market compared with AWS’s 32% and Azure’s 22% in 2023. However, Google’s acquisition of Wiz could change this: with Wiz’s explosive growth (reported 100% YoY ARR with best-in-class net revenue retention) due to its development of an agentless, API-first solution that provides visibility and control across multi-cloud environments, Google would fill in its previous security gaps.
