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.
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.
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