"The negotiations between Alphabet and Wiz have resumed, with Alphabet increasing its acquisition offer to $30 billion, signaling renewed interest in cloud security."
"Under Thomas Kurianâs leadership, Google Cloud sees tremendous potential in Wizâs technology for real-time cyber threat detection and response."
Alphabet has revived acquisition discussions with cloud security firm Wiz, increasing its offer from $23 billion to $30 billion following a collapse of last year's talks. Wiz, which opted to pursue an IPO previously, had been valued at $12 billion and recently increased its valuation to $16 billion amid a funding round. Google Cloud, under Thomas Kurian, sees Witâs real-time threat detection abilities as a beneficial addition. A previous disagreement on integration strategy had stalled talks, and Wizâs growing annual recurring revenue makes it increasingly attractive.
Read at Techzine Global
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