Google슬롯사이트™s USD 23 Billion Deal With Wiz Falls Apart As Cybersecurity Firm Plans IPO
Google's proposed USD 23 billion acquisition of cybersecurity firm Wiz has reportedly fallen apart with Wiz. Reports suggest that the cybersecurity firm is opting to pursue an IPO.
New Delhi, July 23: Google's highly anticipated USD 23 billion acquisition deal with cybersecurity firm Wiz has reportedly fallen apart. This would have been Google's largest-ever deal. As per reports, Wiz, has decided to pursue an initial public offering (IPO) instead. The decision was shared by Wiz co-founder Assaf Rappaport in a memo to employees. The step could reach USD 1 billion in annual recurring revenue.
As per a of CNBC, Wiz walks away from a USD 23 billion deal with Google and will pursue an IPO.슬롯 머신 사이트 추천 Assaf Rappaport reportedly mentioned that despite the offer, the company is focusing on its next milestones. The decision to walk away is suspected over antitrust issues and investor concerns.슬롯 머신 사이트 추천Google Gemini Likely To Soon Get a New Voice for Android Users; Check Details.
Wiz, the cybersecurity startup was founded in 2020 and has experienced growth under Assaf Rappaport슬롯사이트™s leadership. The company hit USD 100 million in annual recurring revenue within 18 months and achieved USD 350 million in 2023. Wiz's decision to pursue an IPO might align with its long-term goals and market strategy. The startup is backed by venture capital firms such as Insight Partners, Cyberstarts, Index Ventures and Sequoia Capital.
Alphabet슬롯사이트™s cloud segment has faced competition from Microsoft and Amazon. Google Cloud has seen consistent growth and achieved profitability in 2023 after years of investment. The acquisition of Wiz would have been a strategic move to enhance Alphabet's cloud security capabilities. However, the collapse of the deal might bring further challenges for Alphabet슬롯사이트™s cloud segment.슬롯 머신 사이트 추천Google Pixel 9 Pro XL Specifications Leaked Ahead of Made by Google 2024 Event; Check More Details.
Wiz's cloud security products, which offer protection, active detection and response capabilities, attracted the interest of major companies and could have strengthened Google's competition against Microsoft in the security software business. As per reports, this acquisition would have been beneficial to Alphabet's cloud division, which has been seeking to expand in a competitive market.
(The above story first appeared on LatestLY on Jul 23, 2024 09:51 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).