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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#201

Post by isoprophlex »

mousetree wrote: post #182
kamranjon wrote: post #107

I’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?

We've been using them for 2-3 years. Excellent.

[narrator]: Excellent, until now! Soon, their beloved cloud infra security scanner will to be sucked dry of all the juicy usage data on AWS and Azure customers, bled of its innovation, to be discarded in a few years time...

I like it too. Don't care much for google buying them, it can only end badly.

Re: Google to buy Wiz for $32B

#202

Post by spaintech »

My take on why Google bought Wiz is pretty straightforward. First off, Wiz brings a rock-solid CRM loaded with all those juicy contracts from the top cloud players. Add to that a proven enterprise team that knows exactly how to sell the product, and whom to sell to. And you’ve got a recipe for success. Every Wiz win is just a possible upsell for GCP; especially when GCP isn’t even the market leader in cloud. IMO, it opens the door to a whole lot of sales opportunities and deep-rooted relationships with top-tier cloud customers. To me, that all points to a pretty hefty price tag on the table

Re: Google to buy Wiz for $32B

#203

Post by shermantanktop »

Kipters wrote: post #178
JKCalhoun wrote: post #132

Earlier quoted context omitted.

I thought they made smart lightbulbs (I have some "WiZ" ones installed in fact).

I was worried it was that WiZ, luckily it's not Their bulbs are one of the few WiFi bulbs that don't require an app to operate (only for the initial configuration)

I was worried it was https://en.wikipedia.org/wiki/The_Wiz_(film)

Re: Google to buy Wiz for $32B

#204

Post by happyopossum »

film42 wrote: post #102

I'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…

> But also, and may more important, you get to see everyones cloud usage, across all providers

Yeah - that’s not likely to happen. Even the current in-house developed multi-cloud security stuff Google has doesn’t let internal people see customer data. It’s right there in the T&Cs they publish and agree to.

I suppose they could be violating them in egregious ways, but that wouldn’t last long before one or more of the 170,000 employees got upset and went all whistleblower, which would lead to billions of dollars in lawsuits.

Re: Google to buy Wiz for $32B

#205

Post by shilgapira »

cess11 wrote: post #152
shilgapira wrote: post #142

Earlier quoted context omitted.

How dare the founders be born in a country!

[flagged]

Tel Aviv is not the capital of Israel, and the rest of the ludicrous claims and blood libels in your post are at about the same level of accuracy.

At least you're consistent.

Re: Google to buy Wiz for $32B

#206

Post by lotsofpulp »

timcobb wrote: post #198
limaoscarjuliet wrote: post #162

Earlier quoted context omitted.

It means if you were a shareholder of Wiz, you will have cash in your checking/savings account within few days and you will no longer have the shares.

What if I don't want to pay capital gains?

Then you should not have owned assets that someone else had the power to sell.

Re: Google to buy Wiz for $32B

#207

Post by happyopossum »

mi_lk wrote: post #180
popol1991 wrote: post #143

Earlier quoted context omitted.

They are huge in the cybersecurity space, led by veteran founders, solve real problems, fastest growth to $100M ARR in the history...

In cybersecurity history or the history?

In history - until Cursor, so like 6 months ago they still held the record.

Re: Google to buy Wiz for $32B

#208

Post by cess11 »

shilgapira wrote: post #197
jacooper wrote: post #160

Earlier quoted context omitted.

You are saying this as if the founder is a normal civilian. The guy served in unit 8200 and 81 around the beginning of the 2000s(Second Intifada, first g a z a war, if not more), and overstayed his mandatory service. This isn't a normal company, just like every Israeli security "startup" with founders coming from idf intelligence units. Even ignoring this, 32b for such a company just doesn't make sense.

Of course the founder is a normal civilian. Israel has mandatory conscription so you'd expect any normal civilian to also have served in the IDF at some point. It might sound weird to people from the US and many other western nations. Most people there aren't concerned with serving in the military - they either leave it to working class folks to serve, or they don't really have any neighboring enemies. The Israelis a…

[flagged]

Re: Google to buy Wiz for $32B

#209

Post by shilgapira »

blackhawkC17 wrote: post #173
guappa wrote: post #88

Earlier quoted context omitted.

Probably the entire company's purpose is to gain access to secrets. Anyway, Chomsky claims that there's 0 distinction between USA and Israel, so if you see it from that point of view, it makes little difference.

A dumb conspiracy theory. Israel has mandatory conscription (barring some cases), and many of the smart ones are recruited into Unit 8200. It's not surprising that they go on to start cyber companies once conscription ends, given that's a major focus of the Unit.

"But Chomsky said so!"

Re: Google to buy Wiz for $32B

#210

Post by Cthulhu_ »

film42 wrote: post #102

I'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…

They wanted it to happen last year, but Wiz wasn't sure yet whether they would want to go public instead.
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