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StepStone Job Bulletin 3.20.25

March 20, 2025

 

💻 Google’s Record-Breaking Deal: Wiz Acquisition Shakes Up Cloud Security

Google made waves on Tuesday by signing a definitive agreement to acquire New York-based cloud security startup Wiz for $32 billion in an all-cash deal, its largest acquisition ever. The move strengthens Google’s cloud security portfolio as AI-driven threats continue to evolve, helping it better compete with Microsoft and Amazon Web Services.

Wiz had previously walked away from a $23 billion deal last year to pursue an IPO during a sluggish public market. A more favorable regulatory environment under the Trump administration cleared the path for this mega acquisition.

📊 Key Takeaways

🔐 Security Boost for Google Cloud – Wiz’s cloud security expertise, including prevention, active detection, and response tools, will strengthen Google’s security portfolio and help it compete with Microsoft and Amazon Web Services.

📈 IPO on Hold – Wiz’s earlier plans to go public were sidelined due to slow IPO activity, making acquisition a more attractive option.

🤝 Megadeal Signals Market Shift – The $32 billion deal suggests that tech giants are back in the market for large acquisitions, a trend that had slowed in recent years due to regulatory scrutiny and uncertain markets.

📉 Alphabet Stock Dips – Despite the acquisition announcement, Alphabet shares fell about 2% on Tuesday and are down 15% for the year.

With Wiz integrating into Google Cloud, the deal is expected to accelerate innovation in cybersecurity and cloud infrastructure. Wiz’s products will continue to operate on competitor platforms like AWS, Microsoft Azure, and Oracle Cloud, ensuring broad market access. This acquisition highlights the growing importance of cloud security in the modern tech landscape—and how billion-dollar deals can reshape entire industries. 🚀

🎯 The Latest Internships and Jobs

For a complete list of internships, check out our master job board spreadsheet—your go-to resource for all opportunities in one place. Not all new opportunities will be featured below, so make sure to check out the full job board!

Click 👇️ to access!

⌛️ Closing This Week