Google is making the biggest ever acquisition in its history by purchasing cloud security company Wiz in an all-cash deal worth $32 billion.

“This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (multicloud),” the tech giant said today.

It added the acquisition, which is subject to regulatory approvals, is meant to provide customers with a “comprehensive security platform” that secures modern IT environments.