Following Google's acquisition of Wiz, the cybersecurity market has lost its best bet at a flashy IPO anytime soon. Why it matters: A volatile economy and a challenging security sales landscape make public exits increasingly difficult and unattractive,

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

Wiz was founded only five years ago but offers an increasingly important cloud-security service as cyber risks grow.