Google revives talks to acquire Wiz at higher valuation

Google’s Mother Company Alphabet, Cloud Kyberecurity explained to Techcrunch in advanced talks to get acquainted with the starting transaction. The two companies were close to the provision of $ 23 billion assessment last summer, but The operation failed to realize.

This time the price discussed is higher, he said. It was reported to be $ 30 billion Wall Street Journal.

Head of Google’s cloud unit Thomas Kurian is making an effort.

Google Cloud Wiz’s cloud sees security products as a good fit for the customer base and Wiz’s annual recurring income (ARR) is also attractive. This was $ 500 million in July this year with plans to hit $ 1 billion in 2025 TechCrunch was reported then.

It would probably be a pretty reward price tag for $ 30 billion. Wiz was closed on the last edge of the last financing round $ 1 billion in an estimate of $ 12 billion in the last May. His assessment was reported to be $ 16 billion in the offer of a working tender at the end of last year.

Wiz said that he did not have plans to take himself in 2025, the former executive, such as a head financial officer, Dreamworks and Taniy. Sometimes hiring a CFO is a sign to get a book for an open sacrifice.

One of the reasons for the number of negotiations previously failed, according to Wall Street Journal, it was the impossible to agree on the failure to remain a separate section of Wiz or not integrating to Google Cloud.

Biden’s high regulation study for large operations during the leadership, contributed to the transaction of the transaction last summer, and the man familiar with the deal.

Other investors told Techcrunch that they see the growth of the M & A activity. In most cases, return to the negotiating table, it is associated with hope that the FTC chair will be less restrictive in greater operations than the former chair.

In New York and Israeli Based Wiz 2020, a cloud named Adallom, which was previously acquired by Microsoft, was founded by the four-past Israeli military officer established in a way called Kibbie $ 320 million.

Wiz’s support includes Andreessen Horowitz, Cyibertarts, Index Enterprises, Insight Partners and Sequoia.

A spokesperson for wiz refused to comment on the conversations of deal.