This is positive for Google. Spending $23bn on a company of that size was insane. Shareholders are probably relieved.
Google-Wiz deal fizzles out, company will pursue IPO
101–110 of 288 posts
Re: Google-Wiz deal fizzles out, company will pursue IPO
#102As a user of Wiz (and I like what I get from them) ,I am relieved . 1. huge valuations are bad for customers- that investor cash has to come back from somewhere 2. Google has a habit of subsuming products into their stack and either sunsetting them or holding them so close that nobody uses them (beyondcorp etc) *spelling
Re: Google-Wiz deal fizzles out, company will pursue IPO
#103Why would Google even consider this? They're an advertising company and haven't really made any money from anything but advertising. What would they do with this?
The proportion of their revenue that comes from segments other than advertising is growing. I would imagine like most companies, Google/Alphabet wants to diversify their source of revenue/profit over time.
https://www.statista.com/statistics/1093781/distribution-of-...
Re: Google-Wiz deal fizzles out, company will pursue IPO
#104Earlier quoted context omitted.
I did look at their financials - 77% gross margin with 30% revenue growth. Much higher than “commodity cdn” can command. If they cut marketing and r&d they’d be bagging half a b a year in profit but they are investing in growth as they should because it’s working
Cloud flare will still be the internet in ten years, while Amazon will just be Walmart,
Amazon is the internet too. The us-east-1 outage in 2023 took down a lot of stuff.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#105> The company hit $100 million in annual recurring revenue after 18 months That's fast... Is that 18 months after launch or literally 18 months after starting development?
Your quote from the article, is a link to another article, which provides the answer:
> The cybersecurity software vendor said in August that it reached $100 million in annual recurring revenue after selling its product for just a year and a half.
So that's 18 months after formal launch. Since we don't have their financial statements, you can only guess wether this is the value of signed deals or a review of actual recognized revenue for those 18 months. I suspect the first.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#106Re: Google-Wiz deal fizzles out, company will pursue IPO
#107Earlier quoted context omitted.
This sounds uselessly crippled, as it's not going to catch malware that doesn't drop anything to disk, or that adequately cleans up after itself if it does.
I would assume they could also dump memory, i.e. `/dev/mem`. Agreed they would need to also do frequent memory snapshots, but lots of malware will also run in the background waiting indefinitely, and often as the same name as common Linux processes but different hashes.
You would need an agent to do this. Cloning EBS won’t dump memory.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#108Fun fact: > Wiz was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy Reznik, and Ami Luttwak, all of whom previously founded Adallom > Adallom was founded in 2012 by Assaf Rappaport, Ami Luttwak and Roy Reznik, who are former members of the Israeli Intelligence Corps’ Unit 8200 https://en.wikipedia.org/wiki/Wiz_(company)
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Re: Google-Wiz deal fizzles out, company will pursue IPO
#109Earlier quoted context omitted.
I did look at their financials - 77% gross margin with 30% revenue growth. Much higher than “commodity cdn” can command. If they cut marketing and r&d they’d be bagging half a b a year in profit but they are investing in growth as they should because it’s working
Cloud flare will still be the internet in ten years, while Amazon will just be Walmart,
AWS is making $100+bn per year and growing at about 20% per year.
Good job, "Walmart"!
Re: Google-Wiz deal fizzles out, company will pursue IPO
#110Over a certain threshold, all software companies seem to degenerate into sales companies.
Honestly, I'm just mildly shocked of the $23B valuation for a product that I'd expect to have taken waaay less than 1% of that in dev costs. What I'm more shocked is that Google decided they can't build the same thing themselves. Maybe I don't understand the complexity of the product?