Why would Google, a leader in security, spend so much on another security firm? Wiz must have something amazing under their sleeve.
Google to buy Wiz for $32B
271–280 of 951 posts
Re: Google to buy Wiz for $32B
#272I'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…
There are ways around it. If they look into specific customer's usage it is looking at customer data. If they look at more customers it will just be called anonymous analytics.
Then you slice and dice the analytics data to extract what you need in the name of planning & improving the product.
Re: Google to buy Wiz for $32B
#273Re: Google to buy Wiz for $32B
#274I'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…
A lot has happened in the last 56 days that has resulted in significant uncertainty in the stock markets. That, combined with the higher offer, apparently changed the board's mind.
Re: Google to buy Wiz for $32B
#275Earlier quoted context omitted.
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…
HIPAA was an example.
Yes there are other parts to HIPAA than just VM config, but it’s just giving you policies and checks out of the box
Re: Google to buy Wiz for $32B
#276Earlier quoted context omitted.
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…
> I am sure I am misunderstanding something, but I'm not sure what.
You're missing that a lot of "security" is in reality just a bunch of check-boxes for a form that someone asks you to fill out.
The security you need to really think about is outside of those checkboxes, and it seems like Wiz is not for this type of security, but the former.
Re: Google to buy Wiz for $32B
#277Earlier quoted context omitted.
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…
Cloud configuration can create compliance issues that are distinct from codebase compliance issues
Re: Google to buy Wiz for $32B
#278> 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…
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Re: Google to buy Wiz for $32B
#279Earlier quoted context omitted.
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…
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Re: Google to buy Wiz for $32B
#280Earlier quoted context omitted.
>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.
Clients can have their lawyers jump up and down but the data is there, you just KNOW the mothership gonna use it. All they need is some obfuscation and plausible denyability. It's just too good to not use it.
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