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Google to buy Wiz for $32B
131–140 of 951 posts
Re: Google to buy Wiz for $32B
#132I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Because every enterprise that decides to use cloud providers then needs to find someone to keep that cloud environment safe. But also, and may more important, you get to see everyones cloud usage, across all providers, with a high level of permissions. Said differen…
If you'd be so kind for those of us that haven't touched cloud in 5/10 years, what is Wiz? from reading the google announcement: solving the supply chain hybrid cloud security issues? I could google I know but you seem to know what you are talking about, so if you'd be so kind. :)
I thought they made smart lightbulbs (I have some "WiZ" ones installed in fact).
Re: Google to buy Wiz for $32B
#133Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…
>and security (post the Mandiant acquisition) As a Googler who works in GCP security, security has been a key differentiator for GCP long before the Mandiant acquisition. Google invented BeyondCorp (a primary driver of Zero Trust). Google helped create security keys (U2F, FIDO, Webauthn), and was I think the first major company to adopt them, both for employees, and for consumers. Google was one of the first major co…
> Look at the number of times other tech companies get hacked compared to Google.
Your whole post is confusing Security of the Cloud with Security in the Cloud. And conflating GCP with Google but those are just examples of why GCP has such a small market percentage.
Re: Google to buy Wiz for $32B
#134I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Because every enterprise that decides to use cloud providers then needs to find someone to keep that cloud environment safe. But also, and may more important, you get to see everyones cloud usage, across all providers, with a high level of permissions. Said differen…
If you'd be so kind for those of us that haven't touched cloud in 5/10 years, what is Wiz? from reading the google announcement: solving the supply chain hybrid cloud security issues? I could google I know but you seem to know what you are talking about, so if you'd be so kind. :)
When you use a cloud provider to setup a VM, what policies do you apply to it in order to ensure it’s secure?
Wiz and other tools in the same space tell you and tracks compliance across your fleet.
Idk if wiz does this, but their competitors have “compliance packs” which are preset compliance patterns, IE hipaa, finra, etc.
That way you click a button and it tells you every change you need to make to be compliant
Edit: this is all just examples
Re: Google to buy Wiz for $32B
#135I’m just curious if anyone here has actually heard of this company before this announcement? If you have, what is your opinion on this acquisition?
didn't they try to do this several months ago?
Re: Google to buy Wiz for $32B
#136This seems like a silly and ridiculous acquisition. Surely for $32 billion almost any security technology could be replicated? You could hire several thousand best in class engineers and build whatever Wiz has in house… buying this almost makes it seem like Google has no idea how to build new innovative products, which I guess a lot of people already think. For Instagram and WhatsApp it was the user base and growth t…
There is actually some drama between Wiz and Orca, a company founded one year before Wiz. Orca alleged Wiz copied them, and Orca does operate in the same space. But a lot of hundred billion dollar companies are built on moats, integration and switching costs.
What Wiz/Orca did is easy to copy for any Cloud security company with enough money, there's no moat.
What is hard about that is actually selling your product to customers, which Wiz managed to do in a way never seen before.
Re: Google to buy Wiz for $32B
#137I'm marginally in the IT space... Is there anything to my reaction that at least in dollar terms this is a multiple of the dollar amount of what Whatsapp was acquired back in the day, which was a large consumer facing product that I could see was quite literally taking over messaging all over the world, and this is a... platform I've never heard of? I'm just trying to make sense of the numbers.
I don't think WhatsApp had the same kind of revenue that Wiz has, even normalised for 2014 numbers.
WhatsApp purchase was for that sweet sweet data of everyone's contact lists (this was their original innovation for onboarding — just give us access to your phone book and we'll tell you who else is on WhatsApp). Their earnings were completely irrelevant in price discussions. The billions were paid for the dataset.
Re: Google to buy Wiz for $32B
#138Earlier quoted context omitted.
~5 years by now. But there is a bit of fine print. The founders all founded another cloud security company in 2010, which was acquired by Microsoft. They were all graduates of Israel's famous Unit 8200. So while the literal company was founded in 2020, it is very likely a lot of both the knowledge, expertise and quite possibly product was already in development before it.
yes, every 8200 founder i know already has the next product ready to launch in alpha the day after the time limit on their previous acquisition runs out
I 90% meant that it was the skills, industry knowledge and connections/reputations they built before Wiz, but it is true that most companies are conceived and planned far ahead of their actually registrations. Sensible people don't exactly just quit their jobs and start a company in a few days. They conceive, do research, discuss and (I suspect in Wiz's case) prototype before they commit. Its definitely a smart move, there's a very real valuation and PR advantage if you delay your actual founding, so your time to X revenue looks shorter.
Re: Google to buy Wiz for $32B
#139They didn't want to buy Github.. too expensive. But Wiz price tag makes sense to them?
Re: Google to buy Wiz for $32B
#140Earlier quoted context omitted.
I don't think WhatsApp had the same kind of revenue that Wiz has, even normalised for 2014 numbers.
WhatsApp purchase was for that sweet sweet data of everyone's contact lists (this was their original innovation for onboarding — just give us access to your phone book and we'll tell you who else is on WhatsApp). Their earnings were completely irrelevant in price discussions. The billions were paid for the dataset.
Indeed. It's not just an incredible dataset, it's a self-updating one too.