INFLUENCERS DISCUSS WIZ POTENTIAL TO ENHANCE GOOGLE CLOUD SECURITY IN EXPECTED ACQUISITION DEAL

Google is reportedly in advanced discussions to acquire Israeli cyber security startup Wiz for approximately $23 billion.  This  could significantly complement some of the existing cloud security capabilities of Google Cloud Platform (GCP). The  strategic move by Google has garnered considerable attention from influencers on social media platform “X” during the third week of July, who shared diverse perspectives on the potential acquisition and its implications, reveals the social media analytics Platform of GlobalData; a data and analytics company.

According   to   Shreyasee Majumder, social media analyst at GlobalData : “Influencers believe this move signifies Google’s proactive stance in addressing escalating cyber security threats and securing a competitive edge in the cloud security market. Many believe the acquisition could significantly bolster Google’s cyber security capabilities due to Wiz’s innovative approach and rapid growth. However, some express skepticism regarding the potential regulatory scrutiny and antitrust challenges that could jeopardize the deal. Additionally, concerns are raised about the substantial impact on Wiz and the complexities involved in integrating it into Google’s existing operations.”

Popular influencers’   opinions

To start with, Sheel Mohnot, co-founder at Better Tomorrow Ventures says: “Cloud security co Wiz in talks to be acquired by Google for $23B. Wiz is four and a half years old and hit $350 million in April, four years after founding. It is aiming for $1 billion in April   by the end of 2025. Incredible growth, gotta be the fastest ever to $350M. Finally some much needed liquidity for VC!”

 Secondly, Dimitri Dadiomov, co-founder and CEO at Modern Treasury observed: “If Google buys Wiz for $23 bn as reported by the WSJ, is it: – Google’s largest acquisition, because $23 billion? – or only 0.1% of Google’s market cap and really not that big of a deal? All a matter of perspective. Hard to internalize just how big big tech actually is now.”

Amit Goel, early stage investor at 77 Capital observed: “Cyber security mergers and acquisitions   continue    to be one of the hottest. Google might be on the verge of making its biggest acquisition ever. Alphabet is in advanced talks to acquire Wiz for around $23 billion. The cloud security co. Wiz had raised a total of $1.9Bn. last round  six  months  back at $12 B. Investors also win”

Pareekh Jain, CEO EIIRTrend at Pareekh Consulting observed: “Google planning to buy cloud security startup Wiz for $23 billion. It could be a game changer for GCP but also could face regulatory scrutiny.”

Finally, Anshu Sharma, co-founder and CEO Skyflow Privacy Vault said: “Cloud security is probably the single largest TAM in software today – and growing faster than any other category except language models. The $23B Google acquisition of Wiz makes sense.”