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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#631

Post by p1necone »

marcus0x62 wrote: post #558
belter wrote: post #546

Earlier quoted context omitted.

It does not make sense. In 2024 Wiz had 10.7% market share. Revenue in the 1,5 to 1,7 Billion but they were not profitable in 2023. Become profitable in 2024 meaning costs are very high. Also looks like Google is desperate for growth in Cloud and they need to do something . They are paying as much money as their whole Google Cloud revenue in 2023. Revenue multiple is like 40x times revenue for Wiz. Exceptionally high…

10% market share in security is huge. It is an extremely fragmented market, across almost all product segments.

10% market share in any industry with an even slightly healthy level of competition is huge. The fact that people think it's not for tech feels like an indictment of the overall health of the industry to me.

Re: Google to buy Wiz for $32B

#632

Post by marcus0x62 »

brightball wrote: post #610
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…

Didn’t Palo Alto Networks come out of 8200 too?

The primary founder (Nir Zuk) is a Unit 8200 alumni, as are the founders of Checkpoint and a bunch of other cyber security companies. Nir Zuk is also a US citizen and went out of his way to base PANW in the US, including their hardware manufacturing and software engineering operations.

You'll find former-intelligence blob operators in a great many cyber security companies. Including former American intel employees[0]. Hell, the CIA basically has their own VC fund[1].

Also, there is zero evidence any of these people are currently acting at the behest of their former employers, apart from obviously the CIA venture fund acts at the behest of the CIA.

0 - Robert M Lee https://dragos.com, Keith Alexander (formerly https://ironnet.com,) amongst many others

1 - In Q Tel https://www.iqt.org/

Re: Google to buy Wiz for $32B

#633

Post by alephnerd »

powvans wrote: post #556
alephnerd wrote: post #508

Earlier quoted context omitted.

> most people here are also in security No they aren't. I've been a cybersecurity SWE, PM, and VC for a decade at this point and I've almost never found any relevant security or enterprise SaaS related content on HN. For a hot second (around 2018-2019) there was solid conversations around eBPF, io_uring, or cloud posture management, but that doesn't happen on here anymore. Same with MLOps and ML Infra as well - almos…

I vaguely remember this hot second you refer to. What is the HN equivalent where those conversations are happening today?

Lobste.rs for technical stuff. But most security related conversations by security SMEs aren't happening online anymore. We have specific user conferences and regional user groups now.

Re: Google to buy Wiz for $32B

#635

Post by badc0ffee »

Nexxxeh wrote: post #479
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…

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. https://www.wizconnected.com/en-gb

This is the logo I envision in my head when hearing Wiz.

Re: Google to buy Wiz for $32B

#636

Post by epolanski »

Reasoning wrote: post #570
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.

And they gonna get all that cloud needs through Wix?

Even if they did, I just don't see the play.

Re: Google to buy Wiz for $32B

#638

Post by marcus0x62 »

p1necone wrote: post #631
marcus0x62 wrote: post #558

Earlier quoted context omitted.

10% market share in security is huge. It is an extremely fragmented market, across almost all product segments.

10% market share in any industry with an even slightly healthy level of competition is huge. The fact that people think it's not for tech feels like an indictment of the overall health of the industry to me.

Perhaps I should have been clearer, but especially compared to the rest of the enterprise tech market, security is unusually fragmented. There is no Microsoft or Cisco of the security market in the way those companies dominate the desktop operating system and core networking markets, respectively.

Analysts sometimes refer to the enterprise networking market as "Cisco and the Seven Dwarves". Nobody has ever said that about Symantec (prior to the Broadcom acquisition) or Palo Alto Networks.

It is often the case that in a new security product category, the products are so different, it is hard to collect them together in a single category with a straight face. Example: next generation AV circa 2015-2016. AV was a well-worn product category. All of the legacy products did basically the same thing. More or less at the same time, a bunch of new products came to market that all claimed the mantle of "next generation AV:"

* Bit9 did process whitelisting, later adding Carbon Black for endpoint forensics

* Fire Eye had a proto-EDR solution

* Cylance did ML-based malware detection

* Palo Alto Networks had an exploit-mitigation focused agent that they bolted ML-based malware detection onto.

The industry slowly converged on EDR as the sort-of successor to endpoint AV budgets.

A few years later, the cloud security space was the same fragmented mess. Some were what we now know as CSPM, some were glorified DLP solutions, some container security solutions, etc.

Re: Google to buy Wiz for $32B

#639

Post by epolanski »

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…

> How could the board approve this?

Disagreements on board levels are less and less frequent in the corporate world.

On top of that, many huge voters are simply ETFs, and their representatives virtually always side with management (state street, vanguard, etc have documents that explain their voting, but they are far from any kind of activist or naysayer.

Re: Google to buy Wiz for $32B

#640

Post by nujabe »

"Israel literally owned Congress" - Donald Trump [1]

There has been a full and total coup of Zionist influence peddles over over the United States government. This is the lens in which you should look at this deal.

The Department of Education is on the verge of being abolished, and the remaining skeleton staff have been redirected to investigate cases of "antisemitism". [2]

The administration is weaponizing 'antisemitism' to unleash once unthinkable retributions against opponents of the State of Israel. The Zionist lobby is using the full levers of the US government to direct their wrath against opponents, and no one is being spared, not universities, students and even entire nations.

It would be naive to think the leadership at Alphabet are unaware of that good things happen when you be good to Zionists.

It's really a shame really, from 'Don't be Evil' to funding decades more years of 'Israeli Americans' using this wealth to funnel to AIPAC and other nefarious political causes. [3]

[1] https://www.timesofisrael.com/trump-israel-literally-owned-c...

[2] https://time.com/7268749/education-department-staff-cuts-imp...

[3] https://www.timesofisrael.com/whatsapp-founder-jan-koum-dona...

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