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

Google parent Alphabet Inc. agreed to acquire cybersecurity firm Wiz Inc. for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the

Tech giant Google has reached a deal with Wiz to purchase the cloud cybersecurity startup. The all-cash deal, announced Tuesday, amounts to $32 billion.