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For $32B Google are buying Wiz's brand, existing customers and their pipeline of customers, along with the technology.
by mattlutze 2y ago
For $32B Google are buying Wiz's brand, existing customers and their pipeline of customers, along with the technology.
- Cthulhu_ 2y agoThis is the answer, Wiz already has a foot in the door / running contracts with huge cloud consumers, but not all of them are using Google's cloud. I wonder if Google tries to earn more money off of competing cloud platforms by offering services like this.
- bschmidt65 2y ago[flagged]
- kats 2y agoWiz has no brand, no one knows who they are. Revenue from Wiz's customers will not make back $32 billion dollars even in 30 years. Wiz's technology is irrelevant. I think Google already scans for vulnerabilities and misconfigurations. And can build similar for low millions of dollars.
- ponty_rick 2y agoThe issue is a lot of customers are going to run away from Wiz now, due to all the Google uncertainty.
- thfuran 2y agoIf they want the customers, they should have to compete for them. Google shouldn't be allowed to acquire any companies. They're already huge.