A good test for the new Trump DOJ to see how much TRUMP coin and $5 million dinners at Mar-a-Lago will be needed to get this through.
Google to buy Wiz for $32B
471–480 of 951 posts
Re: Google to buy Wiz for $32B
#472I believe this is actually the second time google has tried to buy this company too. They had to give them a too good to refuse offer.
While it seems like we aren't getting a ton of people who have used the product in the comments. I can tell you it checks a lot of boxes to make people sleep better at night with customer data in the cloud.
Re: Google to buy Wiz for $32B
#473The acquisition of Wiz by Google raises some interesting questions about the future of cloud security. On one hand, it could lead to better integration and innovation in Google Cloud's security offerings. On the other hand, it might concentrate too much power in the hands of a single vendor. It will be interesting to see how this deal affects the competitive landscape and whether other cloud providers will respond wi…
This reeks of GPT.
Re: Google to buy Wiz for $32B
#474Earlier 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.
100% the case
Re: Google to buy Wiz for $32B
#475The founder's previous exit in the same space was sold to Microsoft for $350. What a steal.
The most amazing thing is that Wiz is a fairly young company. Founded in early 2000.
One thing for sure. If this guy ever starts another company, I'm sending my resume :)
Re: Google to buy Wiz for $32B
#476This 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…
> Assume 1,000 customers each generating $2m in ARR with contracts. That’s $2 billion. Assume generous 6x ARR valuation, that’s $12 billion.
That's the thing , were any numbers released or are we all just gonna speculate here ? What is their growth rate, profit margin etc etc ? How do they fit in Google's business, can current Wiz clients be upsold on GCP more easily now? Can other clients be brought more easily to GCP now that Google has a good (I hope) cyber security solution to go with its cloud? Clearly there is some strategy going on here that is more than just the ARR of Wiz.
As a minor shareholder in GOOG as well I have no freaking idea about any of this, I sort of trust that they probably took a calculate risk and know what they're doing (and even if this is a mistake by 20B, that's not much for a company the size of Google).
Re: Google to buy Wiz for $32B
#477> 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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We've been using Wiz at least from Oct22 (And we do things with Wix API too, so the naming creates plenty of confusion). Cloud Engineer with Google Cloud and AWS.
It can scan a lot of stuff and give you pretty interesting insights and alerts.
And do you know what managers like? It creates Jira tickets automatically with all the findings, and they can assign them to people and say they've done their thing. We hate that because tickets appear and disappear magically in hundreds each time Wiz scans, sometimes with no obvious explanations.
But here come some of the bad things:
- UI/UX: Terrible. It's so difficult and confusing reaching from one place to the other and finding stuff that you had open just instants ago. Slow too. I've seen the security people do nice filters and search queries but it's not intuitive at all.
- Doesn't support very basic features. For example, in Docker Hub they don't support scanning full organizations or using organizational tokens for scanning individual repositories. They personally told me in our support channel that they were looking into it... in April 2023. Still waiting. (The API is slightly different than a regular Docker Hub public repo but, come on, an enterprise security tool that doesn't support connecting to a Docker Hub org... that's just silly)
- Closed docs. You can only check the docs if logged in. I hate that and also limits the work with people that's not a Wiz user.
- Terraform provider:
It's quite limited, that means you need A LOT of manual work to integrate stuff with their scanners
It's changelog URL doesn't work, so good luck with knowing when features appear or when you get breaking changes
No source AFAIK, you just get a binary. Good luck.
- Pricing. Can't remember the specifics but I hear a lot of complaints about how expensive they are. Also, no public pricing.Re: Google to buy Wiz for $32B
#478Earlier quoted context omitted.
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.
It's not that they're cheap, it's just some competitors are even more expensive... :D
Re: Google to buy Wiz for $32B
#479> 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…
When I read the headline, I assumed the IoT platform and smart light brand, the now Wi-Fi arm of Signify, the smart home people who do (Philips) Hue smart lighting.
Re: Google to buy Wiz for $32B
#480Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…
I can't help feel like this will be rolled into GCP and quickly lose support for Azure and AWS and then just die. That's a lot of money to spend to kill off a business.
I'm slightly baffled by this acquisition but arguing against you actually helps me make some sense of it.
If Google wants to be "the best of the best" at security and some set of potential customers use Wiz as their "best of the best" security, then this is a way to convert those customers to Google.
Consider some org that prioritizes security, like at the board level. They maybe don't really care about the nickel and dime cost of AWS vs. Azure vs. GCP since it comes out to 10s or 100s of millions of opex in the end. What they do care about is the cleanest record possible with respect to security. And Wiz is a key component to their position on security that is communicated to investors - it is a social proof that they are taking security very seriously.
This now becomes a tool for Google when trying to win their business. By degrading the value of Wiz on AWS/Azure/Oracle/Salesforce they are taking away that bullet point on security for a subset of competitors customers. And that may entice some of them to move their entire cloud service to GCP. So whatever revenue they lose on the Wiz side from a dozen or so cancellations they would hope to make up with a few 100 million dollar whales.
I just find it hard to believe that enough whale level cloud compute business will be generated in this way to justify $32b. This is really the best take I have on the acquisition and it feels unsatisfying, as if there is some other decisive information that would provide a justification for such a valuation.
Maybe there is some government mandate coming down the pipeline that isn't very public yet? Some kind of legislation that will force companies to adopt stricter security policies? That could precipitate the kind of changes that would justify this kind of massive valuation.