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I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Becaus
by film42 2y ago
I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Because every enterprise that decides to use cloud providers then needs to find someone to keep that cloud environment safe.
But also, and may more important, you get to see everyones cloud usage, across all providers, with a high level of permissions. Said differently, Google can now target customers with massive spend across other cloud providers and work to migrate them to GCP, at a price that's just cheap enough to over come the switching cost.
- byteknight 2y agoHow on earth does buying Wiz force other developers to move? I think the tinfoil is too tight.
- disgruntledphd2 2y agoThere's no force but Google can now leverage the data from Wiz to target good customers for other services.
- savanaly 2y agoHow is this not a good thing for everyone involved? Or am I wrong for reading the comment in a tone that I perceived to be critical?
- disgruntledphd2 2y agoI dunno, I don't like the anti-trust implications (using Wiz data to target companies on AWS/Azure) but other than that I don't really care. That's probably cos I am far away from this space.
- stevenAthompson 2y agoIt doesn't force them to move, it just gets Google the information about how you use competitors products so they can out negotiate them come deal time.
- stackskipton 2y agoWiz itself doesn’t. But Wiz knows what is going on in everyone cloud. That data could be fed to GCP sales team though customers might riot if that happens.
- creaghpatr 2y ago>That data could be fed to GCP sales team though customers might riot if that happens Large enterprises don't sign the stock terms and conditions that would enable this, most do or should have legal teams redlining contracts around how cloud data is accessed and used by vendors. Maybe Wiz is so good they would agree to it, but it would get challenged and negotiated during the sales cycle.
- isoprophlex 2y agoClients can have their lawyers jump up and down but the data is there, you just KNOW the mothership gonna use it. All they need is some obfuscation and plausible denyability. It's just too good to not use it.
- inquirerGeneral 2y ago[dead]
- adhamsalama 2y ago[flagged]
- acdha 2y agoThey don’t need to force people, just make them a very good targeted offer. This is also great for seeing which features their customers use most to help GCP catch up to the competition, too.
- neom 2y agoIf you'd be so kind for those of us that haven't touched cloud in 5/10 years, what is Wiz? from reading the google announcement: solving the supply chain hybrid cloud security issues? I could google I know but you seem to know what you are talking about, so if you'd be so kind. :)
- SSLy 2y agoit's a linter for your yaml spaghetti
- Tuna-Fish 2y agoAnd reason they can get recurring revenue for what is indeed basically a linter, is that what it lints your configuration files against is not just best practices but also regulatory compliance. And that gets hairy enough and changes often enough that it's usually worth it to pay for it to be someone else's headache.
- bigfatfrock 2y ago^ Poetry! If only we had linters for all the yaml spaghetti out there in ops land.
- tempodox 2y agoYour system nosediving is the linter.
- theamk 2y agoThat's just one part. The real value is it's linter for _any_ cloud config - you can use terraform or cloudformation or just click around in user interface, and Wiz's rules would still work.
- JKCalhoun 2y agoI thought they made smart lightbulbs (I have some "WiZ" ones installed in fact).
- bschmidt60 2y ago[flagged]
- Cthulhu_ 2y agoWiz is used by 45% of Fortune 500 companies and you're thinking someone is making up that they used it? This is unnecessarily mistrustful / conspiracy thinking. What censorship btw?
- bschmidt64 2y ago[flagged]
- plasticsoprano 2y agoWhat's your proof that nobody used their product? If you're gonna troll be a dick, not a dumbass.
- noboostforyou 2y ago> You people are the enemy of intelligence. Says the 16 minute old account spewing racist garbage in other comments. Funny how it's always the most obvious ones.
- bschmidt62 2y ago[flagged]
- bschmidt64 2y ago[flagged]
- happyopossum 2y ago> But also, and may more important, you get to see everyones cloud usage, across all providers Yeah - that’s not likely to happen. Even the current in-house developed multi-cloud security stuff Google has doesn’t let internal people see customer data. It’s right there in the T&Cs they publish and agree to. I suppose they could be violating them in egregious ways, but that wouldn’t last long before one or more of the 170,000 employees got upset and went all whistleblower, which would lead to billions of dollars in lawsuits.
- devsda 2y agoThere are ways around it. If they look into specific customer's usage it is looking at customer data. If they look at more customers it will just be called anonymous analytics. Then you slice and dice the analytics data to extract what you need in the name of planning & improving the product.
- Cthulhu_ 2y agoThey wanted it to happen last year, but Wiz wasn't sure yet whether they would want to go public instead.
- yujzgzc 2y agoFor a truly multi cloud customer, your second point switches from being a pro to being a con as soon as Google owns it. Why would you give one of your cloud vendors visibility over your footprint across their competition?
- theamk 2y agoIt's pro for Google, not pro for customers.
- alberth 2y agoSo is Wiz just a CASB? (Cloud Access Security Broker)
- warkdarrior 2y agoWiz is a CNAPP provider. (Cloud Native App Protection Platform)
- light_triad 2y agoIt was going to happen last year but Wiz said they wanted to IPO. Wonder what that implies about the larger IPO/exits market. Here's the letter sent by the CEO Assaf Rappaport to his team at the time (2024): "Wizards, I know the last week has been intense, with the buzz about a potential acquisition. While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz. Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO. Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice." https://techcrunch.com/2024/07/22/wiz-walks-away-from-googles-23b-acquisition-offer-read-the-ceos-note-to-employees/ https://techcrunch.com/2024/07/22/wiz-walks-away-from-google...
- otterley 2y agoA lot has happened in the last 56 days that has resulted in significant uncertainty in the stock markets. That, combined with the higher offer, apparently changed the board's mind.
- film42 2y agoWiz by itself is a great business and public markets will price it accordingly, but Google is able to price it much higher because of its unique position. Wiz + GCP sales team will boost adoption of the main product, a Google branded security tool keeps eyes from looking out, and of course, the ability to move huge amounts of revenue from competitors over to GCP is something only a hyper-scaler can tap. At 36x+ valuation, this is still a great deal for Google.
- otterley 2y agoOn what are you basing your opinion that this is a "great deal"? Google is going to have to earn close to $100B in profit attributable to this acquisition over the next 10 years in order to financially justify it.
- SJC_Hacker 2y ago> On what are you basing your opinion that this is a "great deal"? Google is going to have to earn close to $100B in profit attributable to this acquisition over the next 10 years in order to financially justify it. Maybe like the Motorola acquisition - not so much the profit attributle from the acquisition but the profit they *won't* lose by not acquiring them.
- belter 2y agoIf you know the Cloud market you know nobody is moving to GCP :-)