Q1 2025 Cloud M&A Hits $45B, Google Leads with $32B Wiz Deal
The first quarter of 2025 saw eight cloud‑software deals total over $45 billion, highlighted by Google’s $32 billion purchase of Wiz and ServiceNow’s $2.9 billion acquisition of Moveworks. The burst signals a swing back to inorganic growth for mature platform players, reshaping the exit landscape away from IPOs.