Google revives conversations to acquire Wiz in a higher evaluation
The Google company again in advanced conversations to get Cloud Cybersecurity Startup Wiz, he told a person familiar with the Techcrunch deal. The two companies were about to secure a $ 23 billion rating deal last summer, however The transaction failed To investigate.
This time, the price is being discussed higher, the person said. The price of about 30 billion dollars was reported Wall Street Magazine.
Thomas Corian, head of the cloud department in Google, leads the voltage again.
Google Cloud believes that WIZ cloud safety products are suitable for its customer base, and the repeated annual Wiz revenue (ARR) is also attractive. This reached 500 million dollars last July, with plans to strike one billion dollars in ARR in 2025, Techcrunch mentioned at that time.
Even so, it is likely that $ 30 billion is the outstanding price. Wiz closed the last external financing round One billion dollars in rating 12 billion dollars Last May. According to what was stated, its evaluation jumped to $ 16 billion in the offer of employee tender at the end of last year.
Although Wiz said he had no plans to present herself in 2025, she rented Fazal Merchant, a former executive of Dreamworks and Tanium as a financial manager. Sometimes, contracting with the financial manager is a sign of books ready for a general offer.
One of the reasons that made the talks previously failed was the inability of the two companies to agree on whether Wiz would remain a separate section or is integrated into Google Cloud, according to the Wall Street Journal.
The person familiar with the deal said that the high organizational audit of large transactions during the Biden administration also contributed to the collapse of the deal last summer.
Other investors have told Techcrunch that they are witnessing an increase in integration and purchase activity. In most cases, the return to the negotiating schedule is linked in the hope that the head of the Federal Trade Committee will be Andrew Ferguson less restricted to the great transactions of former President Lin Khan, and a person familiar with a handful of these negotiations said.
The New York and Israeli Wiz was founded in 2020 by four former Israeli military officers who previously participated in the establishment of a cloud cyberspace security company called Adallom that Microsoft later for it $ 320 million.
Wiz Andressen Horowitz, Cyblestarts, Index Ventures, Insight Partners and Sequoia.
A Wiz spokesman declined to comment on the deal talks.
