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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#461

Post by debarshri »

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.

kickbacks, may be. I have seen the product. It is not so mossad-y. It fairly straight forward cloud, VM, kubernetes scans.

Does it protect stuff? Somewhat.

Is it the best product out there - no.

Are CISOs happy? CSPM is mostly a checklist item in their bucket to things to do.

It depends on what kind of security you are working in. Most of the people in CSPM, CNAPP world have heard their name.

It is product built for cloud security/devsecops folks.

Re: Google to buy Wiz for $32B

#463

Post by debarshri »

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…

It is one of the fastest growing companies in the cybersecurity space. 6x ARR is quite low for that. 15x is a great deal for Google.

I think Wiz accepted 15x because it is all-cash.

The rate at which they are still growing, a series C/D company would dream of.

[1] https://www.wiz.io/blog/100m-arr-in-18-months-wiz-becomes-th...

Re: Google to buy Wiz for $32B

#464

Post by hello_moto »

alienthrowaway wrote: post #417
hello_moto wrote: post #396

Earlier quoted context omitted.

I think parent was saying that if someone has a problem with Wiz being ex 8200, they would have problems buying cybersecurity solutions in general because the more established companies founders with foreign non-allies background.

That is clearly a false equivalence though. Being born in a country is qualitatively different to working in a military unit requiring security clearance.

Well, US Admins treated Chinese-born Research Scientists who had lived in USA for 30-40 years in top-level US university akin to espionage ...

Re: Google to buy Wiz for $32B

#465

Post by cess11 »

breppp wrote: post #265
cess11 wrote: post #208

Earlier quoted context omitted.

[flagged]

I seriously suspect you don't know what's the Talpiot program

Why?

It's a military academy program deeply integrated into the research and development of the IDF and israeli military industry. It's where you go if you're really bright and really loyal to the genocidal aspects of israeli society and want to spend six years devoted to that.

Re: Google to buy Wiz for $32B

#466

Post by bmelton »

alienthrowaway wrote: post #417
hello_moto wrote: post #396

Earlier quoted context omitted.

I think parent was saying that if someone has a problem with Wiz being ex 8200, they would have problems buying cybersecurity solutions in general because the more established companies founders with foreign non-allies background.

That is clearly a false equivalence though. Being born in a country is qualitatively different to working in a military unit requiring security clearance.

Perhaps the difference shrinks somewhat when the country you are born in has compulsory military service?

Re: Google to buy Wiz for $32B

#467

Post by deepsun »

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…

Same fears we're very loud when Google bought YouTube. GOOG fell 15% because of that IIRC.

Re: Google to buy Wiz for $32B

#468

Post by otterley »

alienthrowaway wrote: post #434
otterley wrote: post #304

Earlier quoted context omitted.

The Mossad is a security service of the nation of Israel, which, for all intents and purposes, is a nation designed to house and protect Jews. And Judaism is a religion. So yes, a connection exists.

Conflating the state of Israel with all Jewish people & implying all of have (a secret) allegiance to Israel, regardless of their citizenship is actual anti-Semitism. Correctly identifying folk who fought for Israel is not anti-Semitic in any way the allegiance at the time they served in an elite unit is clear to all.

You’re responding to an argument that I’m not making. I said there is a connection, which is true. Obviously not everyone living in Israel is Jewish, nor is everyone there a practicing Jew. But the founders’ purpose remains and is woven throughout society and its constitution.

And people aren’t just “identifying folk.” This thread has devolved into a debate about Israel itself, which invariably happens when Israel is even tangentially involved in a story.

Re: Google to buy Wiz for $32B

#469

Post by theamk »

bschmidt65 wrote: post #258
mousetree wrote: post #182

Earlier quoted context omitted.

We've been using them for 2-3 years. Excellent.

[flagged]

Would any evidence convince you that wiz-the-product exists? there are tons of comments on the thread, people discussing it on reddit, integrations with all sorts of products, stackoverflow questions about wiz terraform provider, tons of image search results for "wiz.io dashboard" (most outside of wiz.io domains)...

what makes you so sure there is no product?

Re: Google to buy Wiz for $32B

#470

Post by blackhawkC17 »

coliveira wrote: post #266
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…

These companies are the closest you can get to a legal mafia, they are effectively charging companies around the world to keep them "safe". In other words, a job that is traditionally considered to be a basic service of the government is now being privatized by people that nobody knows if we can really trust.

> In other words, a job that is traditionally considered to be a basic service of the government is now being privatized by people that nobody knows if we can really trust.

How on earth is it the government's job to protect people's software? It's a mere digital product, not human life or property.

Besides, people also buy padlocks and door locks for safety. Wiz is no different.

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