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?
didn't they try to do this several months ago?
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Google to buy Wiz for $32B
261–270 of 951 posts
Re: Google to buy Wiz for $32B
#262Earlier quoted context omitted.
For $32B Google are buying Wiz's brand, existing customers and their pipeline of customers, along with the technology.
This is the answer, Wiz already has a foot in the door / running contracts with huge cloud consumers, but not all of them are using Google's cloud. I wonder if Google tries to earn more money off of competing cloud platforms by offering services like this.
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Re: Google to buy Wiz for $32B
#263I'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…
So is Wiz just a CASB?
(Cloud Access Security Broker)
Re: Google to buy Wiz for $32B
#264Earlier quoted context omitted.
The difference is that Google is the worse product company among the big tech companies. It’s like the modern day Yahoo! - where acquisitions go to die.
I don't know man, iPhones and Macs are really buggy, bloated/full of unnecessary features, and user hostile. Microsoft products are also hot garbage. The cars we get to pay tens of thousands (or even hundreds) are pretty much garbage now. It's not just Google.
I am not talking about opinions on quality. I’m talking about objective measures in introducing a new product that moves the needle as far as revenue/profit and market share that is not cancelled quickly
Re: Google to buy Wiz for $32B
#265Earlier quoted context omitted.
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…
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I seriously suspect you don't know what's the Talpiot program
Re: Google to buy Wiz for $32B
#266> Wiz has raised a total of $1.9 billion from a combination of venture capital funds and private investors > Wiz agreed to acquire Tel Aviv-based Raftt, a cloud-based developer collaboration platform, for $50 million in December 2023. In April 2024, the company acquired cloud detection and response startup, Gem Security, for around $350 million > Wiz was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy…
These companies are the closest you can get to a legal mafia, they are effectively charging companies around the world to keep them "safe". In other words, a job that is traditionally considered to be a basic service of the government is now being privatized by people that nobody knows if we can really trust.
Re: Google to buy Wiz for $32B
#267I’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?
Growing up in the NYC area this is what I think of when someone says the wiz https://en.wikipedia.org/wiki/The_Wiz_(store)
>> Growing up in the NYC area this is what I think of when someone says the wiz https://en.wikipedia.org/wiki/The_Wiz_(store)
Growing up in NYC, it is was impossible to not remember the "Nobody Beats the Wiz" jingle
Re: Google to buy Wiz for $32B
#268Earlier quoted context omitted.
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 Edi…
I don't know anything about cloud VMs, but I'm confused about how this is possible. Wouldn't determining whether you are HIPAA complaint depend on auditing all kinds of application details about how information flows through the system and how authentication and authorization are done? How could this be validated statically by looking at cloud VM config? Is Wiz doing some kind of AI magic over your whole codebase?
I am sure I am misunderstanding something, but I'm not sure what.
Re: Google to buy Wiz for $32B
#269I'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…
It was going to happen last year but Wiz said they wanted to IPO. Wonder what that implies about the larger IPO/exits market.
Here's the letter sent by the CEO Assaf Rappaport to his team at the time (2024):
"Wizards,
I know the last week has been intense, with the buzz about a potential acquisition. While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz.
Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO.
Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice."
https://techcrunch.com/2024/07/22/wiz-walks-away-from-google...
Re: Google to buy Wiz for $32B
#270[flagged]
More like: Kind of weird time doing business with Americans, given that they're exporting Nazism across the globe.
Or rather, kind of weird to be identifying people with their governments, and to do this only for Jews.