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 Wit’s real-time threat detection abilities as a beneficial addition. A previous disagreement on integration strategy had stalled talks, and Wiz’s 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 Kurian’s leadership, Google Cloud sees tremendous potential in Wiz’s technology for real-time cyber threat detection and response.
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