alt Hacker NewsWiz joins Google
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This isn't a new observation [0] but this means Google will now have two Wizes, since Wiz is also the name of their internal web framework [1].
This is the announcement of the completion of an acquisition that began a year ago.
Google SecOps (Chronicle) is becoming quite popular among the cybersec world. I think eventually there should be an integration play. It is also a way to create wedge into AWS and Azure customers.
The interesting part is that Wiz built its success largely on being cloud-agnostic. If Google keeps it that way, it becomes a strategic window into AWS and Azure workloads.
If they don’t, they risk destroying the very advantage that made Wiz valuable in the first place.
Extra shade thrown at MoltBook (listed first) which was recently acq by Meta.
Interesting fact regarding the sale. Because the founders are about to receive $2.4B US, Israeli tax authorities got involved, and the tax on the sale as exception will be paid in US dollars directly without converting to shekels due to concerns it might crash the US/NIS exchange rate (with $US already historically low).
Didn’t this happen a long time ago?
Good time to remember that Wiz' VC was accused of paying bribes to CISOs to buy their portfolio's software (of which Wiz is one).
https://www.forbes.com/sites/iainmartin/2024/10/28/this-vc-b...
> Two security executives told Forbes they rejected overtures from Raanan’s team after hearing about the firm’s “menu” of compensation. “I was completely aghast. It was against my principles,” one said.
Wiz joins Waze & Waymo.. there's something suspicious with the letter W here :)
No reactions beside: monopolies are bad for innovation and why we cannot have nice things. You might hear some people say "but these big companies innovate". They were mostly done innovating two decades ago, now they just snuff out innovation and acquisition is one of their main tools.
I don't understand Google's play here. Does it want Wiz to be a unique offer for GCP customers? or they will keep it cloud agnostic?
Congrats!
Not to be confused with Google’s existing product called Wiz.
[dead]
Didn't this happen a year ago? [0] Or did this deal just take a year?
Wasn't this acquisition just a bit money laundering operation from Israel?
Congrats to to the Wiz team. Wiz is amazing. But, ugh, joining Google will result in less competition and all that entails. Not great for customers.
It's a pity going public isn't worth it anymore.