Google owner Alphabet is in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion, potentially marking Google's largest acquisition ever. This move underscores Google's significant investment in cybersecurity to enhance its cloud computing services and compete with Microsoft and Amazon. The deal, if finalized, would surpass Google's previous record acquisition of Motorola for $12.5 billion.
Google parent Alphabet Inc. is reportedly nearing a $23-billion acquisition of cloud security startup Wiz Inc., a move seen as a strategic "poker move" that could trigger a significant wave of mergers and acquisitions in Big Tech by 2025. Analysts highlight the deal's potential to reshape the industry, enhance Google's cloud security capabilities, and set new valuation benchmarks for other cybersecurity firms.
Alphabet, Google's parent company, is in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion, potentially the largest acquisition in the tech giant's history. The deal, still weeks from completion, would face scrutiny from antitrust regulators. Wiz, valued at $12 billion and backed by major venture capital firms, helps companies secure cloud programs and has seen significant revenue growth.
Alphabet is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, which would be Google's largest acquisition if completed. Founded in 2020, Wiz quickly became a fast-growing company, securing significant investments. The potential deal comes amid ongoing antitrust scrutiny of Google by the Biden administration.
Google is in advanced talks to acquire cybersecurity startup Wiz for about $23 billion, which would be its largest acquisition ever. This follows Alphabet's decision not to pursue HubSpot due to antitrust concerns. Wiz, founded in 2020, has seen significant revenue growth and is backed by major venture capital firms. The deal would surpass Google's previous largest acquisition of Motorola Mobility for $12.5 billion in 2012.
Google is in advanced talks to acquire Israeli cybersecurity start-up Wiz for $23 billion, marking the largest acquisition in Google's history. The deal, involving Google's parent company Alphabet, comes amid intense antitrust scrutiny and aims to bolster Alphabet's position in cloud computing. Founded in 2020, Wiz has rapidly increased in valuation and is backed by major venture capital firms.
Google-parent Alphabet is in late-stage talks to acquire cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date. This move aims to bolster Google's cloud-computing business, which trails behind Amazon Web Services and Microsoft Azure. The deal, which could face regulatory scrutiny, would significantly enhance Google's cybersecurity capabilities, following its previous acquisitions of Mandiant and Siemplify.
Israeli cloud security unicorn Wiz has reached $350 million in Annual Recurring Revenue (ARR) and plans to add 400 employees in 2024. The company also appointed Dali Rajic, former President and COO of Zscaler, as its President and Chief Operating Officer. With a target of reaching $1 billion in sales and eyeing an IPO, Wiz continues its rapid growth and innovation in the cloud security space, serving major clients such as Salesforce, Slack, and BMW.
WiZ has launched a new home monitoring system that uses its existing motion-sensing WiFi smart bulbs in combination with its new Indoor Camera. The system detects changes in WiFi signals caused by movement and sends an alert to the app warning of potential intruders. The Indoor Camera records in 1080p and has a 120-degree field of view, infrared night vision, and two-way audio. The WiZ Home Monitoring Starter kit includes three WiZ A19 full-color smart bulbs and the Indoor Camera and launches in Europe on June 15th.
WiZ, a smart lighting company, is launching a new home monitoring feature that uses its existing motion-sensing Wi-Fi smart bulbs and a new indoor security camera. The system can send an alert to the WiZ app when motion is detected, and the camera can show what's going on. The WiZ Home Monitoring Starter kit, which includes three WiZ A19 full-color smart bulbs and one camera, will be available starting June 15th for 159.99 Euro. The Home Monitoring feature is free and works in WiZ's newly launched WiZ V2 app.
