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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#531

Post by wildekek »

dinobones wrote: post #433

This makes no sense. Assume 1,000 customers each generating $2m in ARR with contracts. That’s $2 billion. Assume generous 6x ARR valuation, that’s $12 billion. Where is this $20 billion premium coming from? How could the board approve this? How is this fair to shareholders? Heck, as a minor shareholder in GOOG, I don’t find this financially responsible at all. I can’t help but think sometimes these tech acquisitions…

There are always ulterior motives and I've seen personal and strategic being the most frequent ones.

Re: Google to buy Wiz for $32B

#532

Post by rambambram »

bschmidt72 wrote: post #401
rambambram wrote: post #298

Earlier quoted context omitted.

I couldn't reply on your other comments along the same lines. I wanted to ask you if you care to elaborate on the things you say about Wiz? Like a lot of people here in the comments I also never heard of Wiz, I'm just curious.

[flagged]

Don't be such a smart ass, just tell more. Otherwise shut your trap with your repeated posts all over the place.

> Curiosity is a great sin

Curiosity has saved my ass more times than I can count. If you don't want to tell, that's okay. Just say that.

Re: Google to buy Wiz for $32B

#533

Post by rat87 »

jrflowers wrote: post #352
otterley wrote: post #308

Earlier quoted context omitted.

The difference doesn't matter for the purpose of this thread. The comment was crude, inappropriate, and unnecessarily political.

I agree. The comment that equated an intelligence service with a religion was crude, inappropriate and unnecessarily political. It is downright shameful to invoke the very real phenomenon of religious persecution as a way to discourage mere mention of a specific, relatively small intelligence organization.

Modern antisemitism tends to be rooted in racist prejudice against a Jewish ethnicity more then plain religious discrimination. And tends to be related to a lot of conspiracy theories.

I think its possible to fairly critize a nation state and and intelligence agency but some criticismtends towards mossad shark type conspiracies

I dont think

Re: Google to buy Wiz for $32B

#534

Post by manquer »

alephnerd wrote: post #513
manquer wrote: post #505

Earlier quoted context omitted.

> It is not so mossad-y. Would we (i.e. anyone not in the intelligence space) know how intelligence service-y software would look like ? . Aren't all such organizations trained and designed to be inconspicuous and in places we are unlikely to expect.

Mossad aren't the guys doing cyber ops in Israel. They're suave arsim (how else can you blend in Beirut or Tehran). Also, if you've worked with Israeli government cybersecurity teams, they aren't much different in caliber from the kind you'd find at the NSA, GCHQ, or Netherlands.

> they aren't much different .. NSA, GCHQ, or Netherlands

I (and most here) wouldn't really know what that caliber is in these other organizations either to compare

What we do hear is of how the Hubble's tech stack is hand me down previous gen(i.e. 70s) spy satellites or exploits like Stuxnet, Pegasus or the recent pager supply chain attacks. On pure technical level those are all pretty impressive things well beyond what I or even anyone I may personally know do.

There of course is definitely certain amount of propaganda that would project much higher capability than reality, being mindful of that misdirection and the visible evidence, we civilians can only reasonably conclude that we will never have a clue what these organizations can or cannot actually do.

Re: Google to buy Wiz for $32B

#535

Post by nolist_policy »

johnisgood wrote: post #412
nolist_policy wrote: post #343

Earlier quoted context omitted.

Google has the best security. But it is hard to market real security (as oposed to snake-oil), so maybe this acquisition will help.

> Google has the best security. Care to elaborate?

Google was owned pretty hard in 2009 (Operation Aurora). Following that they put security front and center in a way that few other vendors do.

You can read my praise of ChromeOS here: https://news.ycombinator.com/item?id=41178525

To add a few, Chrome was the first browser to introduce process isolation: Every browser tab, every site (second-level domain) and every iframe runs in its own sandboxed process.

With that it's the only end-user software (alongside the other browsers) that actually is secure against Spectre and Meltdown. Operating systems only protect against Specre/Meltdown leaks between processes.

Google invented Certificate Transparency and Chrome enforces CT since years. Firefox added CT enforcement only a few days ago.

CT solves the following: For example, if a rouge Chinese Certificate Authority decides to issue a cert for google.com to the Chinese government for Man-in-the-Middle attacks, CT blows their coverand makes it known to everyone that the CA issued a fraudlent cert.

Re: Google to buy Wiz for $32B

#536

Post by x3n0ph3n3 »

detourdog wrote: post #366
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…

I never heard of them until they were purchased for $32 billion.

My company just started using them and I was part of the due dilligence evaluation of their product. I had never been so impressed with a cloud security provider before I started using their product. Absolutely phenomenal product offering l.

Re: Google to buy Wiz for $32B

#537

Post by adhamsalama »

creaghpatr wrote: post #146
stackskipton wrote: post #127

Earlier quoted context omitted.

Wiz itself doesn’t. But Wiz knows what is going on in everyone cloud. That data could be fed to GCP sales team though customers might riot if that happens.

>That data could be fed to GCP sales team though customers might riot if that happens Large enterprises don't sign the stock terms and conditions that would enable this, most do or should have legal teams redlining contracts around how cloud data is accessed and used by vendors. Maybe Wiz is so good they would agree to it, but it would get challenged and negotiated during the sales cycle.

[flagged]

Re: Google to buy Wiz for $32B

#538

Post by nextts »

lotsofpulp wrote: post #206
timcobb wrote: post #198

Earlier quoted context omitted.

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.

For example: any publicly traded shares.

I have had shares that are 1. force sold, 2. shares that were force split into two companies and 3. shares that are force acquired so they become another companies shares.

Re: Google to buy Wiz for $32B

#539

Post by ryanSrich »

detourdog wrote: post #366
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…

I never heard of them until they were purchased for $32 billion.

This is wild to me. As someone in security, Wiz is definitely one of the whales.

Re: Google to buy Wiz for $32B

#540

Post by ryanSrich »

1oooqooq wrote: post #449
debarshri wrote: post #441

Earlier quoted context omitted.

Thats the kind of a company everyone wants to build in enterprise security. Incognito unicorns. There are many companies like these in security space. Another company I can think of is Rubrik. All these large security companies under the radar success.

most people here are also in security and still haven't heard. It's more likely backroom kickbacks (and/or mossad) than invisible unicorn.

If you're in security and you haven't at least heard of Wiz, I have doubts about what you actually do. I'm not saying you have to be a CSPM expert, but not even hearing about Wiz, when they are the largest CSPM, is somewhat concerning.
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