The all-cash deal is set to boost Alphabet’s profile in the cloud computing market, a space currently led by Amazon and Microsoft.

Alphabet said Tuesday it would buy Wiz for about $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon and Microsoft.

Google clinched a deal for its biggest-ever acquisition, announcing it will buy cloud-security platform Wiz for about $32 billion in cash. The acquisition of Wiz is expected to close in 2026, subject to usual closing conditions including regulatory approvals, according to Google. Once closed, New York-based Wiz will join Google Cloud.