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Alphabet Acquisition: We See the Potential Wiz Acquisition as a Good Sign for the Security Space
Multiple news outlets have reported that Alphabet, the parent company of Google, is nearing a deal to acquire Wiz, a cloud security startup, for roughly $23 billion. Not only would this deal value Wiz around $11 billion higher than its most recent valuation in May 2024, but it also would be Alphabet's largest-ever acquisition, more than four times the size of the acquisition of Mandiant in 2022, which was the firm's last major cybersecurity acquisition. With increased vendor consolidation on the horizon, we view Alphabet's potential entry into security as a positive sign for the overall industry.