Advanced acquisition negotiations are taking place between Google’s parent company, Alphabet, and the owners of the cyber security startup Wiz, the deal could be the largest acquisition of the technology multi to date – it was published in the American press on Sunday.
According to unofficial, insider information, Alphabet will be able to pay $23 billion for Wiz, which was founded in Israel and is now based in New York, which the company can pay largely in cash. According to the sources, the negotiations are practically at the end, and the parties will announce the agreement shortly.
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Wiz is considered one of the fastest growing tech startups. The company was founded in 2020, and in May of this year, the possibility of a stock market listing also arises – at that time, the value of the company was estimated at approximately 12 billion dollars. The company currently has around 900 employees, but the management planned to hire another 400 this year alone.
The company’s number one product is the cyber security software package, which analyzes the cloud infrastructure of the customers and uncovers their potential weak points – accordingly, the solution has recently been particularly popular among the medium and large companies that are Wiz’s target group.
If the deal goes through, it could be Google’s parent company’s most valuable acquisition to date, but Wiz is not the first company with a cyber security profile that has fallen on Alphabet’s hook.
In 2022, the company acquired Mandiant, which was spun off from FireEye a year earlier, but that transaction represented a much smaller value, since two years ago, Alphabet paid $5.4 billion in cash to the company actively involved in the detection of Solarwinds attacks, thereby outbidding the other company. applicant, Microsoft.
Source: www.hwsw.hu
