(MENAFN) google is on the verge of finalizing its largest-ever acquisition, reportedly set to purchase an Israeli cybersecurity firm for a sum reaching up to USD23 billion. According to sources familiar with the matter, Alphabet, Google’s parent company, is in advanced negotiations to acquire Waze, an Israeli startup renowned for its expertise in cybersecurity.
Headquartered in New York with operations spanning across the United States and Israel, Waze has established partnerships with major tech giants including Amazon, Microsoft, and Google itself. The potential Acquisition is seen as a strategic move by Google to bolster its presence in the cybersecurity domain, following its USD5.4 billion acquisition of Mandiant, another prominent cybersecurity firm, two years ago.
Founded in 2020 by Assaf Rappaport, Waze has quickly gained prominence and substantial valuation within the cybersecurity industry, reflecting its innovative solutions and market impact. For Google, this acquisition signifies a pivotal step in expanding its capabilities and offerings in cybersecurity, an increasingly critical sector amid rising digital threats globally.
Google’s move comes amidst ongoing legal challenges alleging anti-competitive practices aimed at enhancing its dominance in internet search. While the company faces scrutiny in some sectors, it continues to invest heavily in cloud computing, aiming to strengthen its position in a market currently led by Amazon and Microsoft. The acquisition of Waze is expected to further propel Google’s ambitions in cybersecurity and bolster its overall market competitiveness in technology services.
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