Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Google to buy Wiz for $32B

reuters.com

Post reply on HN
Print view View original

291–300 of 951 posts

Re: Google to buy Wiz for $32B

#291

Post by film42 »

light_triad wrote: post #269
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…

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…

Wiz by itself is a great business and public markets will price it accordingly, but Google is able to price it much higher because of its unique position. Wiz + GCP sales team will boost adoption of the main product, a Google branded security tool keeps eyes from looking out, and of course, the ability to move huge amounts of revenue from competitors over to GCP is something only a hyper-scaler can tap. At 36x+ valuation, this is still a great deal for Google.

Re: Google to buy Wiz for $32B

#292

Post by otterley »

pjc50 wrote: post #278
czk wrote: post #256

> 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…

[flagged]

WTF does that mean?

Re: Google to buy Wiz for $32B

#294

Post by dekhn »

bschmidt62 wrote: post #230
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?

[flagged]

please stop: you're spamming this thread and there are enough people here who have experience with the product and claiming they're lying just doesn' t pass even the most basic tests.

Re: Google to buy Wiz for $32B

#296

Post by dehrmann »

light_triad wrote: post #269
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…

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…

> Wonder what that implies about the larger IPO/exits market

The window is closed and locked. Haven't closed the storm shutters yet.

Re: Google to buy Wiz for $32B

#297

Post by otterley »

film42 wrote: post #291
light_triad wrote: post #269

Earlier quoted context omitted.

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…

Wiz by itself is a great business and public markets will price it accordingly, but Google is able to price it much higher because of its unique position. Wiz + GCP sales team will boost adoption of the main product, a Google branded security tool keeps eyes from looking out, and of course, the ability to move huge amounts of revenue from competitors over to GCP is something only a hyper-scaler can tap. At 36x+ valua…

On what are you basing your opinion that this is a "great deal"? Google is going to have to earn close to $100B in profit attributable to this acquisition over the next 10 years in order to financially justify it.

Re: Google to buy Wiz for $32B

#299

Post by pixelatedindex »

bschmidt69 wrote: post #286
czk wrote: post #256

> 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…

[flagged]

I mean… Hue bulbs are insanely expensive, and Wiz is a much cheaper option. I’ve used their lights since like 2021 and Costco carried them. Does that make me a huge liar?
Post reply on HN