Loading...
Market
How will the Wiz acquisition impact Google's cloud security market share by December 31, 2024?
2
Resolution / Starting Odds
Increase by more than 5% • 25%
Increase by 1% to 5% • 25%
No significant change • 25%
Decrease • 25%
Market share reports from research firms like Gartner or IDC
Story
Google Nears Largest-Ever $23 Billion Acquisition of Cybersecurity Startup Wiz
Jul 14, 2024, 06:03 PM
Google's parent company, Alphabet, is in advanced negotiations to acquire the Israeli cybersecurity startup Wiz for approximately $23 billion, as reported by the Wall Street Journal. This acquisition would mark the largest in Google's history, significantly surpassing its previous acquisitions. Wiz, which was last valued at $12 billion, has shown remarkable growth, reportedly achieving close to $400 million in annual recurring revenue (ARR) and growing at a rate of 120%. The acquisition aligns with Google's strategy to bolster its cloud security offerings and represents a significant move in the cybersecurity sector.
View original story
Similar markets
Increase by more than 5% • 25%
Increase by 2-5% • 25%
Increase by less than 2% • 25%
No significant change • 25%
Top 1 • 25%
Top 2 • 25%
Top 3 • 25%
Outside Top 3 • 25%
Acquisition of another cybersecurity firm • 25%
Partnership with another firm • 25%
No significant reaction • 25%
Other strategic move • 25%
Less than $20 billion • 25%
$20 billion to $23 billion • 25%
$23 billion to $25 billion • 25%
More than $25 billion • 25%
Increase for U.S. firms • 25%
Increase for European firms • 25%
Increase for Asian firms • 25%
No significant change • 25%
Yes, at $23 billion • 25%
Yes, but for less than $23 billion • 25%
Yes, but for more than $23 billion • 25%
No, the acquisition does not complete • 25%
Cybersecurity company • 25%
Artificial Intelligence company • 25%
Cloud services company • 25%
Other • 25%
Microsoft makes a major acquisition • 25%
Amazon makes a major acquisition • 25%
Meta makes a major acquisition • 25%
Other tech companies make major acquisitions • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by less than 5% • 25%
Decrease by more than 5% • 25%