Wiz rejects Google's $23 billion acquisition offer and will seek independent development
2024-08-06
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Recent
Cybersecurity company Wiz
CEO Assaf Rappaport
Announced in internal email
The company will reject Google's acquisition proposal
Before that
Google's parent company Alphabet
Proposed bid of US$23 billion
Acquire the company
One of the fastest growing software startups of all time
Wiz was founded by former Microsoft cloud security team members
Focus on cloud security
Its clients include
Morgan Stanley, BMW, Colgate
and Blackstone Group
In this year
Wiz completes $1 billion in funding
Valuation reaches $12 billion
Become the first
One of the fastest growing software startups
Wiz's amazing development speed
Received special attention from both inside and outside the industry
Google's parent company Alphabet
Plans to acquire Wiz for approximately $23 billion
But it was quickly rejected
Assaf Rappaport said
Although I feel that the offer I received
Flattered
But choose to continue on your own path
Grow Wiz your way
Paying for “Cloud Security”
Not long ago
CrowdStrike
Caused Microsoft's large-scale "blue screen"
Once again sounded the alarm for network security
In recent years
Major companies have invested heavily
Transfer data to the cloud
Making cloud security even more important
According to IBM
Average cost of a data breach in 2023
$4.45 million
Such events
Possible serious consequences
Including reputation, financial losses and legal challenges
CNBC report
Wiz's Cloud Security Products
Provides comprehensive insight into enterprise cloud services
This feature
For large companies with extensive computing resources
Proven to be indispensable
According to CNN
Analysts believe
The acquisition of Wiz shows
Google is making a "big bet" on cybersecurity
to complement its flagship product in the cloud”
The website "Cybersecurity news" commented
The acquisition
Highlights Alphabet's strengthening
Cybersecurity Infrastructure Resolve
Where is the future of the cybersecurity market?
Although Wiz rejected a $23 billion acquisition
But the consolidation of the cybersecurity market
It is constantly advancing
Only in 2023
The cybersecurity market has nearly $100 billion in mergers and acquisitions
Cisco acquires Splunk for $28 billion
Aiming to strengthen AI safety
Assaf Rappaport
In an interview, he also believed
Consolidation in the cybersecurity industry is necessary
Because even small companies
Dozens of security tools are also required
This market situation
Bringing growth pressure to integrated network platforms
For large companies
Through mergers and acquisitions of start-up companies with advanced technologies
Can quickly make up for its own technical shortcomings
Form a more comprehensive and three-dimensional defense system
However
Facing the phenomenon of excessive industry concentration
Small and medium-sized enterprises engaged in cybersecurity
What other development opportunities are there?
Zhang Dengfeng, Vice President of Antiy Technology
If security vendors are all working on
Market competition among dozens of product tracks
The resulting fragmentation
Small-scale, low-quality competition
Don’t just follow and imitate
We must dare to analyze the irrationality of the existing track
Dare to break through the constraints of the existing track
Written by: Li Fei and Liu Xinkun Layout: Li Fei and Kong Fanxin Coordination: Li Zhengwei
References: Global Times, China Business News, China Business News
Source: World Internet Conference
