CyberCureME - Cyber Security Marketplace’s Post

#Google parent #Alphabet is in advanced talks to acquire cybersecurity startup Wiz. This potential acquisition is quite significant and could have major implications for the cybersecurity industry, cloud computing sector, and tech landscape overall. Here are some key points to consider: Market impact: Google's acquisition of #Wiz would be a major move in the cybersecurity space, potentially disrupting the current market dynamics. It could lead to increased competition among cloud providers in offering integrated security solutions. Cloud security focus: This deal underscores the growing importance of cloud security. As more businesses move to the cloud, securing these environments has become crucial, and Wiz's specialization in cloud security aligns with this trend. Google's cloud strategy: This acquisition could significantly boost Google's position in the cloud market, where it currently trails behind Amazon and Microsoft. By integrating Wiz's technology, Google Cloud could offer enhanced security features, potentially attracting more enterprise customers. Valuation and growth: Wiz's rapid growth and high valuation ($23 billion, up from $12 billion earlier this year) highlight the premium placed on innovative cybersecurity solutions, especially in the cloud sector. Consolidation trend: This deal, if it goes through, would continue the trend of larger tech companies acquiring cybersecurity startups to enhance their offerings. It follows Cisco's recent $28 billion acquisition of Splunk. Regulatory scrutiny: Given the current antitrust environment, this deal is likely to face significant regulatory scrutiny. It will be interesting to see how regulators view this acquisition, especially considering Google's dominant position in other tech sectors. Innovation and integration: The acquisition could lead to interesting innovations in cloud security, leveraging Google's resources and Wiz's technology. However, successful integration will be crucial for realizing the full potential of this deal. Competition response: This move may prompt responses from other major cloud providers and cybersecurity firms, potentially leading to more acquisitions or partnerships in the industry. Overall, this potential acquisition represents a significant development in the cybersecurity and cloud computing landscapes. It highlights the critical importance of security in cloud environments and could reshape competitive dynamics in these sectors. #CloudSecurity #CyberAcquisition #TechGiants #CloudCompetition #qks https://lnkd.in/dWbagVYp

Alphabet, Google's parent company, is on the verge of its largest acquisition ever, eyeing cybersecurity startup Wiz for $23 billion. Wiz was founded in 2020 by Assaf Rappaport and his team and quickly rose in the cybersecurity sector. Its valuation soared to $12 billion this year, driven by its innovative cloud security solutions. Wiz hit $100 million in annual recurring revenue just 18 months after its launch and reached $350 million in 2023. This move is crucial for Alphabet, which faces antitrust scrutiny and trails Amazon and Microsoft in the cloud market. Acquiring Wiz could significantly boost Google’s cloud security, leveraging Wiz’s technology and partnerships with major cloud providers. For startups and investors, this deal signals a rare and significant exit opportunity, especially in a market where IPOs have slowed and M&A activities are cautious. #Cybersecurity #Google #Alphabet #Acquisition

The potential $23 billion acquisition of Wiz by Google represents a major strategic move rather than an unplanned exit. Wiz, a prominent player in cloud security, has rapidly grown and become a valuable asset. This acquisition underscores the critical importance of cybersecurity, particularly as digital transformations accelerate globally. For international and Middle Eastern investors, this move highlights the lucrative opportunities within the tech sector, especially in cybersecurity. It signifies confidence in innovative solutions and the increasing valuation of cybersecurity startups, suggesting a promising avenue for future investments in the region. Read more here: https://lnkd.in/exgS6UFT

𝐆𝐨𝐨𝐠𝐥𝐞 𝐍𝐞𝐚𝐫 𝐃𝐞𝐚𝐥 𝐭𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐖𝐢𝐳 𝐟𝐨𝐫 $23 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 Alphabet (GOOGL) is close to acquiring cybersecurity startup Wiz for about $23 billion, marking Google's largest acquisition. Founded in 2020, Wiz reported $350 million in annual recurring revenue in 2023 and was valued at $12 billion in May 2024. This acquisition will bolster Google's cloud-computing services, enhancing its competition with Amazon Web Services and Microsoft Azure. The deal may face regulatory scrutiny in the U.S. and EU due to heightened antitrust actions against tech giants. #Why You Should Attend the VISS 2024 Summit Join us at the VISS 2024 Summit to stay ahead in cybersecurity! Network with industry leaders, gain insights from top experts, and explore the latest trends and innovations. Key topics include: - AI in Open-Source Intelligence - Cybersecurity Trends and Innovations - Countering Foreign Interference - Cloud Security Strategies - Predictive Analytics and Threat Detection Register Now Don't miss out on this opportunity to elevate your cybersecurity knowledge and network with the best in the industry. [Register now at VISS 2024] https://lnkd.in/gUNis7R2. Stay updated on the latest in cybersecurity and tech acquisitions! Follow us for more insights. #GoogleWizDeal #Cybersecurity #TechAcquisition #CloudSecurity #CNAPP #LinkedInNews #IndustryUpdate #VISS2024 #CybersecuritySummit #TechNews #Google #Wiz #CloudComputing #AmazonWebServices #MicrosoftAzure #RegulatoryScrutiny #TechTrends #Investment #StartupAcquisition #CyberTrends #InfoSec #DataSecurity #TechInnovation #CloudTech #BusinessNews #DigitalTransformation #FutureOfTech #CyberDefense #TechLeadership #CyberAwareness #SecureTech #IndustryExperts #Networking #VISS2024Summit #RegisterNow

Alphabet, the parent company of Google, is reportedly in advanced negotiations to acquire the cybersecurity startup Wiz for about $23 billion, according to sources familiar with the matter. If successful, this acquisition would be Alphabet’s largest to date and would signal a major strategic shift for the technology giant. #tech #technology #financialtechnology #information #fintechs #fintechinfoworld #fintech #startup #FintechNews #FintechSolutions #PaymentTech

Building a cybersecurity platform from the ground up (Wiz) vs. stitching it together through M&A (Palo Alto Networks) - what's better? 👇 The benefit of M&A in cyber is that you're getting unique product capabilities, a set of customers using the product, and revenue. It's a great way to build momentum with someone else's innovation. It's also the reason why we see so much M&A in cyber. But it you do that a few times over, the M&A approach creates product and data silos. As the new product owner, you can build APIs, integration layers and unified dashboards all you want. As long as original architecture and data model are still there, you will have disconnected experiences. The same metric can have different values, depending on where in the product you're looking at that metric. To overcome that disconnect, vendors integrate training into their deals. We're talking weeks of training, not an hour long Zoom call. That's the situation that PANW is now in. They've built a a formidable M&A machine, but have created something that's considered clunky. It works, but it's clunky. Buyers are aware of that. But buyers often have years if not decades of experience, and they know that over time large R&D budgets will make differences disappear. Wiz, and along with it a group of other startups), built their product from the ground up for a cloud-native world. The paradigm shift in cloud-native, where the connections between assets are as important as the assets themselves, was big enough to create a point of entry for new startups. The challenge for startups then is to create a feature set and platform that's attractive enough for large enterprises. You can't have feature parity from Day 1. You just can't. CISOs at large enterprises like to buy security, both in the literal and metaphorical sense. They're usually reluctant to work with a startup that's swinging for the fences. They accept the drawbacks of the large platforms and just wait it out. So what you have to as a startup is to raise tons of money (10s and 100s of millions) to 1) plow that money into R&D to build your way to feature parity and 2) show CISOs that you're still going to be around in five years. The advantage a startup has in the R&D race is that they're building on a single data model. If you have the R&D dollars to spend, then building on a single data model creates a more elegant and useful product experience. The single data model is also the approach we're using with Fix, along with our graph-based approach. While we haven't raised the gazillions of VC money quite yet (coming, any day now), the data we collect and therefore the insights we deliver are as robust as any product out there, and don't cost an arm and a leg. And look out for updates on our product experience this week! ➡️ Follow me to: - Avoid your next breach - Learn what’s next for cybersecurity - Hear from global leaders in cyber what they’re building

Recent reports indicate that Google's parent company, Alphabet, is close to finalizing a $23 billion deal to acquire the cloud cybersecurity startup #Wiz. This eye-popping valuation signifies a pivotal shift in how big tech perceives cybersecurity. Historically, the average deal size in this sector has hovered around 10x revenue, but Google's willingness to pay 60x suggests a profound understanding that, as the cloud landscape becomes increasingly crowded, effective cybersecurity can provide a significant competitive edge. With Microsoft’s recent struggles to deliver as a secure cloud provider, Google has a unique opportunity to leverage its competitors' weaknesses. Given the mounting losses and damages businesses face from cybersecurity breaches, the ability to offer a truly secure platform will be a game changer. If this deal goes through, we can expect a monumental transformation—security will likely become an integral component of nearly every aspect of the Google ecosystem. At Sonatype, we recognize the importance of security in the tech and developer ecosystem. Our mission continues to be about empowering organizations with automated open source governance and more recently, the importance of detecting and understanding open source malware. This potential acquisition by Google demonstrates not only that our belief is now mainstream, but it tells the world how critical it is to have the right security solution, not just “a” security solution. We can transform the way the world innovates with software, but security must be at the heart of it. #Cybersecurity #BigTech #Acquisitions #Sonatype #OpenSource #DevOps

Hold onto your hats, tech enthusiasts! 🎩💨 Google's parent, Alphabet Inc.., is making waves with a potential game-changing move in the #cybersecurity arena! 🚀 Breaking News: Google is eyeing Wiz the cloud security wunderkind, for a jaw-dropping $23 billion! Yes, you read that right - BILLION! 🤯💰 Bit about Wiz A startup barely out of its terrible twos (founded in 2020) but already has 40% of Fortune 100 companies under its belt. Their category killer? AI-powered cybersecurity that gives you x-ray vision into cloud environments. They're raking in the big bucks too - $350 million in revenue in 2023. Not too bad for a toddler! 👶💼 For Google, this isn't just another feather in their cap. It's more like strapping on a jetpack in the race against Amazon Web Services (AWS) and Microsoft Azure. With Wiz in their corner, Google Cloud could become the leader in secure cloud storage. 🏰🔒 However, it's not all smooth sailing. The FTC might have a thing or two to say about this union. After all, when tech giants make moves, regulators tend to raise eyebrows. 🕵️♀️⚖️ And let's talk about that valuation for a second. $23 billion? That's nearly double Wiz's last private valuation. Talk about a glow-up! 💅📈 So, what do you think? Is this the tech world's power couple in the making(G-Wiz 🤣)? Or is Google biting off more than it can chew? Share your thoughts below! 💭👇 #TechTitans #CloudRevolution #CyberUnicorn #GoogleWiz? #BigTechMoves"

Google parent Alphabet Inc. is in advanced talks to acquire cybersecurity startup Wiz for $23 Billion. The acquisition could also help boost Alphabet’s efforts in cloud computing and cyber security, both important and growing businesses that are expected to see an increase in spending this year. Wiz’s valuation has soared since it was founded in 2020, reaching $100 million in annual recurring revenue within just 18 months of its inception. The company, which offers cybersecurity software for cloud computing, raised $1 billion earlier this year at a valuation of $12 billion. It is one of only a few startups outside the artificial-intelligence industry to raise money at a higher valuation in 2024. The company is backed by prominent Silicon Valley venture capitalists. If completed, it will be Alphabet Inc’s largest acquisition ever and an exit for Wiz’s investors at a time when the antitrust environment has made startups reluctant to pursue M&As. Google has been a more conservative acquirer than some of its big-tech peers in recent years. It has shied away from big splashes like Microsoft’s $26 billion purchase of LinkedIn or $75 billion deal for ActivisionBlizzard. Google also isn’t nearly as strong in the cloud-computing market as it is in search and online advertising. The company is a distant third after Amazon and Microsoft, but it is investing heavily in the business, which is growing quickly. Last year Google’s cloud revenue grew 26% and it reported an operating profit for the first time. The tech giant has been working to bulk up its cybersecurity business, focused on the cloud. Its biggest recent acquisition—and second largest ever—is the nearly $5.4 billion purchase two years ago of another security company, Mandiant. #acquisition #cybersecurity #SaaS #CloudComputing Disclosure: This article is for informational purposes only and should not be construed as legal, regulatory, tax, accounting, or investment advice. It expresses the views of the author as of the date indicated and such views are subject to change without notice. Quaestor Consulting Group ("QCG") has no duty or obligation to update the information contained herein. Certain information contained herein is based on or derived from information provided by independent third-party sources. QCG believes that the sources from which such information has been obtained are reliable; however, it has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. QCG makes no representation, and it should not be assumed that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss.

Investments and M&As are set on an upward trajectory at a time when many Venture Capitalist backed vendors are under re-valuation. Should a deal for Wiz come together, it would be one of the largest technology deals of late as antitrust scrutiny and high interest rates have kept would-be buyers on the sidelines. It’s interesting to note that where there have been deals, cybersecurity has been an area of focus. Cisco also recently closed a $28 billion takeover of cybersecurity and analytics company Splunk earlier this year.