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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#421

Post by gnfargbl »

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…

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Military service is compulsory in Israel, so being a former member of 8200 isn't exactly unusual. Given the choice between spending two or three years as deployed infantry, or writing code in an air-conditioned office, I suspect a few of us here would choose the latter.

Re: Google to buy Wiz for $32B

#422

Post by varjag »

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…

LOL IPO market is dead for observable future.

Re: Google to buy Wiz for $32B

#423

Post by kats »

Google is making a huge mistake. They are clearly getting scammed, the price is up to $32B from $23B less than a year ago.

There is no pressure or need to buy Wiz.

Re: Google to buy Wiz for $32B

#424

Post by wahnfrieden »

gnfargbl wrote: post #421
pjc50 wrote: post #278

Earlier quoted context omitted.

[flagged]

Military service is compulsory in Israel, so being a former member of 8200 isn't exactly unusual. Given the choice between spending two or three years as deployed infantry, or writing code in an air-conditioned office, I suspect a few of us here would choose the latter.

[flagged]

Re: Google to buy Wiz for $32B

#425

Post by jacooper »

shilgapira wrote: post #416
jacooper wrote: post #386

Earlier quoted context omitted.

Even if we took mandatory service as an excuse to serve for an occupation army, the guy overstayed his mandatory service, he chose to continue working in that intelligence unit.

Why wouldn't he make that choice? I don't know where you live, but he lives in a country that's surrounded by theocratic dictatorships, failed states, and Islamist terrorists who livestream murders and kidnappings. His choice seems perfectly rational to me.

I can derail the conversation just like you are trying to but I'm going to keep it short.

This guy isn't a normal innocent civilian, that's my point.

Re: Google to buy Wiz for $32B

#426

Post by therein »

belter wrote: post #418
reliabilityguy wrote: post #361

Earlier quoted context omitted.

> The question is are you ever allowed to quit Unit 8200? Do you have any evidence to show that no one ever quits 8200?

Yes. Until you are 40 ...Read and hear for yourself: https://darknetdiaries.com/transcript/28/ "Now Avishai has left 8200 and went off to co-found Wix, the website building tool. It’s crazy to think that the co-founder of Wix is an expert hacker, someone who’s broken into multiple countries and conducted massive amounts of espionage." "Once you get out of 8200 you’re then a reserve and have to spend up to three weeks…

Yeah, I remember listening to this. So that settles it.

Re: Google to buy Wiz for $32B

#427

Post by [deleted] »

IshKebab wrote: post #109
ChicagoBoy11 wrote: post #87

I'm marginally in the IT space... Is there anything to my reaction that at least in dollar terms this is a multiple of the dollar amount of what Whatsapp was acquired back in the day, which was a large consumer facing product that I could see was quite literally taking over messaging all over the world, and this is a... platform I've never heard of? I'm just trying to make sense of the numbers.

True, but the vast majority of people spend zero money on WhatsApp. I actually have no idea how I would give them money. There are no adverts, the metadata is not valuable, and no companies even use WhatsApp business, at least in the UK. Their UK revenue is basically 0, despite 100% market share. This is an enterprise product in a space where companies spend millions of dollars. Still seems like an insane amount thou…

[deleted]

Re: Google to buy Wiz for $32B

#428

Post by ixsploit »

peanut-walrus wrote: post #399
bschmidt69 wrote: post #286

Earlier quoted context omitted.

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We use them. The product is genuinely great and I hope Google doesn't mess with it. For us they replaced a bunch of different tools and a hodgepodge of custom scripts and hacks. For those who have not heard of them - it's basically asset and vulnerability management for absolutely everything you have running in the cloud. This includes stuff running in your k8s clusters, etc. And they do all this without having to ma…

IMO for what they do they are kinda cheap. We evaluated some competitors that were worse and were asking 4x the price.

Re: Google to buy Wiz for $32B

#430

Post by totallyunknown »

kats wrote: post #410
amazingamazing wrote: post #19

Google has some amazing negotiating skills - paying 50% more for something they literally tried to get not even a year ago... (they tried to get it at 23 billing not even a year ago) https://news.ycombinator.com/item?id=41042034 That being said, Instagram and WhatsApp were expensive for Facebook and those ended up being a steal. Time will tell, as usual.

Yeah, but Instagram and WhatsApp have billions of users. Everybody has heard of them. Advertising on Instagram generates revenue. Wiz is a SaaS b2b startup. Even on a forum for startups most people haven't heard of them. Wiz reportedly has a revenue of 750m. It would take Google 30 years or more to break even on this deal. But like all bs startups Wiz will fade into irrelevancy 6 months after being acquired. Google i…

This: "But like all bs startups Wiz will fade into irrelevancy 6 months after being acquire"
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