"Wiz" rejects an acquisition of a "Google" acquisition of $ 23 billion

The upcoming cyberspace security company “Wiz” rejected an acquisition of ‘Alphabet’ for $ 23 billion, and prefers to move forward in its initial public subscription plan. This rejection is a blow for “Google”, which tries to catch up with the company “Microsoft” and “Amazon” in the very competitive cloud service market. “Wiz” can strengthen the security offers of “Google”, which acquired the Cyber ​​Security Company “Mandriat” for $ 5.4 billion for two years ago, in its second largest acquisition. The start -up enterprise, based in New York, is working with cloud storage providers such as “Amazon Web Services” and “Microsoft Azure”, to investigate the data stored there to detect security risks. In a note of employees, “Wiz” CEO Asaph Rapapport said in a note of employees seen by “Bloomberg News”, “the rejection of such attractive offers is difficult, but with our special team I feel confident in this decision.” He added that the following goals of the company should achieve continuous annual revenue of one billion dollars and offer its public subscription shares. ‘Wiz’ has decided that its value in the end could be more than a public company, and that concerns about the possibility of striving for prolonged organizational approval have encouraged it to remain independent, according to people who are familiar with the matter, they asked not to reveal their identity because the discussions are private. Alpabett recently commented on his plans to develop Hubspot, a customer -relations software, according to what “Bloomberg” had previously said, and this agreement may also face organizational investigation as it continues. An extraordinary agreement was the target of a “wiz” business that is unusual for a large company like ‘Alphabet’, which already faces several organizational challenges, such as a lawsuit from the US Department of Justice accusing him of insulting his dominant position in the field of research, and others related to his digital advertising instruments. A “Wiz” representative refused to comment on concerns about the monopoly. Google representatives did not immediately respond to the requests for comment. The Wall Street Journal was the first to publish the news about the refusal of the acquisition. ‘Google’ has tried to improve its capabilities in cyber security as a significant part of its strategy to increase its share in the cloud computed market as it remains behind ‘Amazon’ and ‘Microsoft’. However, the search engine giant made progress, and the computer unit first scored profits last year. Artificial intelligence is an auxiliary instrument that has strengthened the “most beautiful” agreement with the credibility of the technology giant in this area. During a conference held in Las Vegas this year, Google reviewed how Jimini’s artificial intelligence model can help clients analyze threats and treat possible gaps. Eric Duwair, Vice President of Cloud Security Engineering, explained that artificial intelligence is a tool to help companies to be more proactive in cyber security. In an interview with him earlier this year, he said that artificial intelligence could help “which can be very manual research tasks.” The “alphabet” -width values, “wiz”, on more than twice the recent evaluation of the financing round. This financing tour was held in May and attracted investors such as “Andresen Horowitz”, “Lightspeed Venture Partners” and “Thrive Capital”, and the company founded four years ago was evaluated by 12 years one billion dollars. “The support we have seen from the market after this news is to create our goal of creating a platform to improve both safety and development teams,” CEO Rapaport told employees in his memo. Investors and analysts believe that the “wiz” rocket board is due to the early choice of cloud safety as a non -perpetual field with a rich and growing customer base. “40% of” Fortune 100 “businesses benefit from their services, and that they earn continuous annual turnover of $ 350 million.