Google’s cyber security firm Wiz To buy for 23 billion dollars It was stated that negotiations were held and the agreement was expected to be completed shortly. We can say that the acquisition of Wiz, which produces cyber security software, is not only an important step taken by Google in cyber security, but also will be the technology giant’s largest acquisition ever.
Founded in 2020, Wiz has experienced rapid growth under the management of CEO Assaf Rappaport. The company was planned to go public in May, when it reached a valuation of $12 billion.
New York-based Wiz has seen rapid growth since launching in March 2020, during the Covid-19 pandemic. The company states that today 40 percent of Fortune 100 companies are its customers. Among Wiz’s important customers BMW, Slack ve Salesforce is located and the company Amazon, Microsoft ve Google It works with large cloud companies such as.
Google has made major cyber acquisitions before. Two years ago, the company acquired cybersecurity firm Mandiant for $5.4 billion. But the company is currently facing a lot of antitrust scrutiny. The US Department of Justice has sued Google twice on antitrust grounds, and the company’s purchasing practices were brought to the agenda in the most recent lawsuit filed in 2023. However, Google’s discussions with Wiz show that the company is insistent on mergers and acquisitions despite competitive concerns.
Also, let’s not forget to remind; Google’s parent company Alphabet was in talks to acquire sales software maker Hubspot, but these talks were recently shelved.
Source link: https://webrazzi.com/2024/07/16/google-siber-guvenlik-sirketi-wiz-i-23-milyar-dolara-satin-almayi-planliyor/