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Assaf Rappaport - 6 Wiz - 6 — - 2 Sundar Pichai - 2 Thomas Kurian - 2 Dan Ives - 2 doesn't - 1 ” - 1
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Google - 7 Wiz - 6 Big Tech - 3 Microsoft - 3 Service - 2 Business - 2 CNN - 2 Alphabet Inc - 2

Search resuls for: "Assaf Rappaport"


9 mentions found


☆ Wiz is walking away from a $23 billion deal with Google
  + stars: | 2024-07-23 | by ( Shubhangi Goel | ) www.businessinsider.com   time to read: +1 min
Wiz doesn't want to be taken over by Google, the cybersecurity company's CEO wrote to employees on Monday. Instead of Google's $23 billion deal, Assaf Rappaport said the company wants to go public. Wiz walked away from a $23 billion deal to be acquired by the Big Tech giant, in what would have been Google's largest-ever deal. Instead, Wiz will move forward with plans to go public, CEO Assaf Rappaport told employees in a memo seen by several media outlets. He said he wants to get Wiz to $1 billion in annual recurring revenue — a key metric used by investors — and to an initial public offering.
Persons: doesn't, Assaf Rappaport, —, Wiz Organizations: Google, Service, Big Tech, Business
☆ Google’s $23 Billion Plan to Buy Cybersecurity Start-Up Wiz Falls Apart
  + stars: | 2024-07-23 | by ( Nico Grant | More About Nico Grant | ) www.nytimes.com   time to read: 1 min
Last week, it looked like Google was poised to snap up the cybersecurity start-up Wiz for $23 billion, in what would have been its largest acquisition ever. The privately held company would instead pursue a public listing on a stock exchange, according to a memo viewed by The New York Times. Wiz would continue to pursue its previously stated goal of generating $1 billion in recurring revenue ahead of an initial public offering, Assaf Rappaport, Wiz’s chief executive, wrote in the memo. “While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz,” he wrote. “Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice.”
Persons: Wiz, Assaf Rappaport, ” Organizations: Google, The New York Times, Wiz
☆ Wiz ends talks with Google on $23 billion deal
  + stars: | 2024-07-23 | by ( Story Reuters | ) edition.cnn.com   time to read: +1 min
Wiz has ended talks with Google parent Alphabet on a proposed $23 billion deal in which the Israeli cybersecurity startup would have become the US tech giant’s largest ever acquisition, according to a Wiz memo seen by Reuters. Neither Alphabet (GOOGL) nor Wiz have officially acknowledged deal talks. The Wiz memo did not name Google or Alphabet. CNN reported earlier this month that Alphabet was in advanced talks to buy Wiz for roughly $23 billion, citing a person familiar with the matter. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said.
Persons: Assaf Rappaport, ” Rappaport, Wiz Organizations: Google, Reuters, Wiz, CNN
☆ Wiz walks away from $23 billion deal with Google, will pursue IPO
  + stars: | 2024-07-23 | by ( Rohan Goswami Jennifer Elias Jordan Novet | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +4 min
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. Alphabet's cloud segment has been under pressure to grow amid competition from frontrunners Microsoft and Amazon, something the Wiz deal would have helped with. The shift benefited Wiz, which can flag security issues for applications and data on the Amazon, Google, Microsoft and Oracle public clouds. In an interview with CNBC's Sara Eisen and Carl Quintanilla at the New York Stock Exchange last year, Eisen asked Rappaport if he wants to take the startup public.
Persons: Sundar Pichai, Wiz, Assaf Rappaport, Rappaport, Thomas Kurian, Brendan Burke, It's, Doug Leone, Covid, Sid Trivedi, CNBC's Sara Eisen, Carl Quintanilla, Eisen Organizations: Alphabet Inc, Government, Society, Google, CNBC, Microsoft, Index Ventures, Insight Partners, Lightspeed Venture Partners, Sequoia, PitchBook, Intuit, Ventures, Sequoia Capital, Wiz's, Wiz, Oracle, Foundation Capital, Motorola, Lenovo, New York Stock Exchange Locations: Stanford , California, Sequoia
☆ Google is close to making its biggest acquisition ever
  + stars: | 2024-07-15 | by ( Matt Egan | Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said. Google Cloud is central to the company’s efforts to diversity revenue beyond its core search advertising business. Notable customers include BMW, Slack and Salesforce, and it works with major cloud companies including Amazon, Microsoft and Google.
Persons: Wiz, Dan Ives, Biden, Trump, Ives, — Assaf Rappaport, Ami Luttwak, Yinon Costica, Roy Reznik, Slack Organizations: New, New York CNN, Google, CNN, Wiz, Wall Street, Motorola, Microsoft, Wedbush, White, Federal Trade Commission, Big Tech, Israel Defense Forces, Fortune, BMW, Amazon Locations: New York, New York City
☆ Why Google is ready to risk a DC battle to land a potential $23 billion deal
  + stars: | 2024-07-15 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +4 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The deal could be worth as much as $23 billion — and would mark an extraordinary moment for Wiz. Wiz, which was valued at $12 billion after announcing a $1 billion fundraising in May, puts "cloud security" front and center. Thomas Kurian is CEO of Google Cloud. Analysts at Wedbush including Dan Ives said in a research note that a Wiz deal "would clearly bolster the Google cloud offering and value proposition to enterprises."
Persons: —, Morgan Stanley, Blackstone, Assaf Rappaport, Harry Murphy, That's, Thomas Kurian, Dan Ives, Sen, Richard Blumenthal Organizations: Service, Street Journal, Israeli military's Unit, Business, Wiz, Google, Amazon, Microsoft, FTC, Big Tech Locations: New York
☆ Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal
  + stars: | 2024-07-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter. It had been eyeing an IPO as recently as May, when the company achieved a valuation of $12 billion. Google has made large cyber acquisitions before: The company acquired cybersecurity firm Mandiant for $5.4 billion two years ago. But its reported talks with Wiz would suggest that the company has developed a fresh appetite for M&A, competitive concerns notwithstanding. Google had been in talks to acquire sales software maker Hubspot, CNBC previously reported, but its pursuit had reportedly cooled.
Persons: Sundar Pichai, Wiz, Assaf Rappaport Organizations: Alphabet Inc, Government, Society, Google, Street, Wiz, Ventures, Insight Partners, Sequoia Capital, CNBC Locations: Stanford , California
☆ Wiz ranks as No. 5 on Disruptor 50 list with a start as a $10 billion startup
  + stars: | 2023-05-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz ranks as No. 5 on Disruptor 50 list with a start as a $10 billion startupAssaf Rappaport, Wiz CEO, one of the companies on this year’s annual Disruptor 50 list, joins 'Squawk on the Street' to discuss the state of cybersecurity.
☆ Wiz's rapid ascent to $10 billion valuation in market downturn shows cloud security is 'still huge'
  + stars: | 2023-05-09 | by ( Jordan Novet | ) www.cnbc.com   time to read: +6 min
The accelerated shift to cloud computing has boosted adoption of security software that can identify the spots where hackers can wage attacks. Older security companies such as Palo Alto Networks and Rapid7 have widened their portfolios to specialize in securing the cloud. Regardless of how Thomas views Wiz, in February his company added the startup to its list of competitors, putting it alongside Palo Alto Networks . Rappaport called out Palo Alto Networks, which has an offering called Prisma Cloud, as his company's best place to snag business. Rappaport also knows plenty about Microsoft, having sold his prior security startup, Adallom, to the company for $320 million in 2015.
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