Wiz walks away from Google's $23B acquisition offer: Read the CEO's note to employees | TechCrunch
Briefly

from TechCrunch6 months ago
Wiz CEO, Rappaport, declined Alphabet's $23 billion offer to focus on reaching $1 billion in ARR and an IPO, emphasizing team confidence and building the best cybersecurity company.
TechCrunchhttps://techcrunch.com/2024/07/22/wiz-walks-away-from-googles-23b-acquisition-offer-read-the-ceos-note-to-employees/
Despite a significant premium over its $12 billion valuation, Wiz's management chose independence to continue building Wiz, with CEO Assaf expressing gratitude to employees, investors, and customers.
TechCrunchhttps://techcrunch.com/2024/07/22/wiz-walks-away-from-googles-23b-acquisition-offer-read-the-ceos-note-to-employees/
Wiz plans to focus on milestones of $1 billion in ARR and an IPO, with market validation reinforcing their mission to create a platform loved by security and development teams, as per CEO Rappaport.
TechCrunchhttps://techcrunch.com/2024/07/22/wiz-walks-away-from-googles-23b-acquisition-offer-read-the-ceos-note-to-employees/
Read at TechCrunch
#cybersecurity-startups #acquisition-offers #company-milestones #market-validation #team-confidence
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