Google is considering acquiring cloud cybersecurity company Wiz for a record $23 billion. The deal could strengthen Google's position in cloud security, but it could also cause regulatory concerns.
Google's record deal
Potential acquisition of Wiz
Tech giant Google is considering making the biggest purchase in its history. The company plans to acquire Wiz, a startup specializing in cloud cyber security, for an impressive $23 billion. This information appeared in The Verge.
Features of Wiz
Wiz is a company dedicated to analyzing computing infrastructure hosted on various cloud platforms including AWS, Azure, GCP, OCI and Kubernetes. Their main goal is to identify combinations of risk factors that can allow attackers to gain control over cloud resources and steal important data.
Google's strategic goals
If Google succeeds in completing this deal, it will greatly enhance their reputation as a reliable and secure cloud platform. Experts believe that this acquisition may also be aimed at competing with Microsoft, which has recently suffered several serious security breaches and appears vulnerable in this regard.
Possible obstacles
However, there is a possibility that the deal between Google and Wiz may not happen. One of the reasons may be an inspection by American regulators. According to Reuters, regulators under Joe Biden's presidency have shown growing distaste for big tech companies expanding through takeovers.
Financial performance of Wiz
In 2023, Wiz demonstrated impressive financial results, receiving revenue of about $350 million. The company cooperates with 40 % of Fortune 100 companies. Wiz recently raised $1 billion in a private equity round of funding, bringing the company's valuation to $12 billion.
Glossary
- Google is an American multinational technology company specializing in Internet services and products.
- Wiz is a startup specializing in cloud cyber security.
- AWS - Amazon Web Services, a cloud computing platform from Amazon.
- Azure is a cloud computing service created by Microsoft.
- Kubernetes is an open source system for automating the deployment, scaling and management of containerized applications.
Link
- The Verge on the possible acquisition of Wiz by Google
- Reuters on the possible deal between Google and Wiz
Answers to questions
What is known about the possible acquisition of Wiz by Google?
What services does Wiz provide?
What obstacles might there be to acquiring the Wiz?
What is Wiz's current value and financial performance?
How might the acquisition of Wiz affect Google's competitive position?
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Discussion of the topic – Google takes aim at the Wiz: Record $23 billion deal in the history of the tech giant
Google is considering acquiring cloud cybersecurity startup Wiz for a record $23 billion in what could be the most expensive acquisition in the company's history.
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Oleksandr
Wow, $23 billion for the Wiz? Google is clearly serious about strengthening its position in cloud security. I wonder how this will affect the competition with AWS and Azure? 🤔
Sophie
This is a really huge amount! But considering Wiz works with 40% of Fortune 100 companies, it might be justified. Google will gain access to a very valuable customer base and technology. 💼
Giovanni
I agree Sophie. Also, it could be a strategic move against Microsoft after their security issues. Google is trying to position itself as a more reliable alternative. 🛡️
Oleksandr
Giovanni, you are right. But don't you think it might attract the attention of regulators? Biden has recently been quite picky about such big deals in the tech sector. 🧐
Hans
Phew, another pointless takeover. Big companies become even bigger, and the benefits for ordinary people are zero. It would be better to spend this money on something useful, and not on these cloudy fairy tales. 😒
Maria
Hans, I understand your skepticism, but data security is very important in today's world. This agreement could lead to better protection of the information of millions of people and companies. 🔐
Pierre
I agree with Maria. In addition, the competition between Google and Microsoft can lead to innovation in the field of cybersecurity. This can be beneficial for all users of cloud services. 🚀
Sophie
Wondering how this deal will affect pricing for end users? On the one hand, Google can raise prices due to high costs, and on the other - competition with Microsoft can force them to keep prices at an affordable level. 💰