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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#561

Post by moduspol »

allturtles wrote: post #268
Atotalnoob wrote: post #134

Earlier 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…

They scan for everything they can and report on that. They don't claim to be able to tell you if you're 100% compliant--they just claim to be able to alert you if some subset of the requirements are out of order.

And that still provides a lot of value to the right customers.

Re: Google to buy Wiz for $32B

#562

Post by dmarlow »

kats wrote: post #414
mattlutze wrote: post #126

Earlier quoted context omitted.

For $32B Google are buying Wiz's brand, existing customers and their pipeline of customers, along with the technology.

Wiz has no brand, no one knows who they are. Revenue from Wiz's customers will not make back $32 billion dollars even in 30 years. Wiz's technology is irrelevant. I think Google already scans for vulnerabilities and misconfigurations. And can build similar for low millions of dollars.

Plenty of people know who they are and have for quite a while.

Re: Google to buy Wiz for $32B

#563

Post by lormayna »

alephnerd wrote: post #516
heraldgeezer wrote: post #514

Earlier quoted context omitted.

[flagged]

It's for any country or heritage that isn't American or Northern European. A lot of really racist or xenophobic takes on HN.

In my experience, the public opinion is more anti semitic in Northern Europe than in Southern Europe.

Re: Google to buy Wiz for $32B

#564

Post by assanineass »

ryanSrich wrote: post #540
1oooqooq wrote: post #449

Earlier quoted context omitted.

most people here are also in security and still haven't heard. It's more likely backroom kickbacks (and/or mossad) than invisible unicorn.

If you're in security and you haven't at least heard of Wiz, I have doubts about what you actually do. I'm not saying you have to be a CSPM expert, but not even hearing about Wiz, when they are the largest CSPM, is somewhat concerning.

[dead]

Re: Google to buy Wiz for $32B

#565

Post by bmicraft »

happyopossum wrote: post #212
more_corn wrote: post #176

Earlier quoted context omitted.

Google already employs some of the best software engineers in the world. In fact they’ve been laying off thousands of them. Google, like most big companies struggles to innovate because succeeding at a big company and making something fresh and new are different and often mutually exclusive skills. If they could have built it themselves they would have.

> In fact they’ve been laying off thousands of them Citation please? Last layoff at Google of any significance was over 2 years ago in the post-pandemic cleanup era..

Apparently they tried to acquire Wiz last year already, which means they've been thinking about it probably since before they let all those engineers go.

Re: Google to buy Wiz for $32B

#568

Post by FuriouslyAdrift »

zerr wrote: post #404
FuriouslyAdrift wrote: post #362

Earlier quoted context omitted.

Many Jews do not practice Judaism. Being Jewish is an ethnicity. Source: am Jewish, not religeous.

Did you try applying for Israeli citizenship? AFAIK being a follower of Judaism is a requirement. Source: a Christian Jew being denied a citizenship due to this reason.

No... it isn't (as there are 100s of thousands of Muslim, Christian, etc. citizens in Israel). I am assuming you are a foreign national and you are referring to the Law of Return.

Currently, there is a prohibition on using that right and "professing" another religion. Blame the haredi, according to my granfather they're as*holes.

You could get a visa and naturalize like anyone else that is eligible.

I am eligible because my great grandmother was there before statehood in the Irgun.

Re: Google to buy Wiz for $32B

#569

Post by belter »

admiralrohan wrote: post #552
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…

I am hearing for first time, I thought Google is buying Wix the website builder and was thinking why!

Guess what is common between Wix and Wiz....

Re: Google to buy Wiz for $32B

#570

Post by Reasoning »

epolanski wrote: post #72

What's in for Google? Like 32B is no small sum, and I don't really understand Wiz business (product yes, business and numbers much less).

The cloud computing market is ~$600B annually. Google has a market share of 12% in it while Amazon sits at 30% and Microsoft at 21%. I'm assuming this is Google trying to stay competitive in that market.
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