US technology giant Google has agreed to buy Israeli cyber security company Wiz for $32 billion, its biggest acquisition thus far, as it aims to boost its cloud portfolio in the highly competitive segment.

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 has agreed to buy Wiz, a fast-growing cybersecurity startup, for $32 billion in the company’s biggest push to strengthen its cloud-computing business and expand beyond the search engine and consumer internet services that made it a household name.