Google can transform Wiz through its vast infrastructure into a billion-dollar company in a very short time, making it an equal competitor to giants like Palo Alto Networks, Cisco, and others.
The reported purchase of the Israeli cybersecurity company Wiz for about $23 billion is not only an Israeli record but also a significant statement by Google that it is putting its trust in the cyber industry. $23 billion is a substantial amount for Google, especially when it comes to acquiring an Israeli company at a time like this.
Recently, dozens of Google employees protested against Google's involvement in Israel through the local government cloud tender, but the global company clearly deemed the protest irrelevant, recognizing the Israeli cyber company's ability to be an equal competitor in the world of cloud security. Today, Google is one of the dominant cloud companies alongside AWS and Microsoft. Through a series of acquisitions in Israel and around the world, Microsoft built a significant cyber division, leading Google to realize that this is a substantial source of income.
Google can transform Wiz through its vast infrastructure into a billion-dollar company in a very short time, making it an equal competitor to giants like Palo Alto Networks, Cisco, and others.
Until now, Israel was considered a cyber country where many promising startups are established. Google is now stating that Israel is not only a center for innovative entrepreneurs, but also has the capability to lead entire industries. Microsoft has its cyber center in Israel, Akamai has its cyber center in Israel, and now, if the purchase goes through, Google will make Israel its cyber center as well.
14th July 2024