New Delhi
Tech Digj Google has announced a big deal. The company said on Wednesday that it is going to buy Vij for $ 32 billion. This amount in Indian rupees is about 27 trillion 63 billion 35 crore 68 lakh (27,63,35,68,00,000). The interesting thing is that the entire deal will be done in cash. This is the biggest acquisition of Google so far. Vij is identified by Cloud Cyber Security Startup. Google wanted to buy Vij for a long time. He had earlier proposed $ 23 billion, which was rejected by Vij last year. Then the owners of Vij were thinking about keeping the company independent. It has now been told that the deal has started again and Google will name Vij by 2026. However, the big question is why Vij is being bought by spending such a huge amount.
The reason for buying Wiz
According to Media reports, Google wants to strengthen its position in the Cloud Services Market by purchasing Vij. Competition is increasing in this market. More companies have come with the arrival of generative AI and Google’s cloud platform is behind other services such as Microsoft Edour and Amazon web services. According to a report by the Indian Express, Google hopes that buying Vij will help him strengthen its position in the Cloud Services Market.
Which products near WIZ
Vij started in Israel. The preparations that prepared it sold their first cyber security startup in the year 2015. 5 years later, Vij started in 2020. In just 18 months, the company’s revenue started touching the sky. Last year its valuation reached $ 12 billion. This company basically creates solutions that can prevent cyber threats. They can be traced.
Cyber attacks are increasing
Incidents of cyber attacks have increased rapidly in recent years. In such a situation, the demand of those companies is increasing, which gives solutions related to cyber security. Vij serves not only to companies but also to large cloud service providers. The company has a total workforce of a total of 2500 people. About 116 employees work in India. Buying Vij is Google’s biggest deal ever.
