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Google to acquire cloud cybersecurity startup Wiz for $32B
Proactiveinvestors NA· 2025-03-18 14:12
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Alphabet to buy cybersecurity startup Wiz for $32 billion
TechXplore· 2025-03-18 13:55
Core Insights - Alphabet, the parent company of Google, is set to acquire cybersecurity firm Wiz for $32 billion, marking the largest acquisition in Google's 25-year history [2][4]. - The acquisition aims to enhance Google's cloud computing capabilities, particularly in security, amidst the growing demand for artificial intelligence solutions [1][3]. Company Strategy - The deal is expected to provide Google with a competitive edge in the cloud-computing sector by integrating Wiz's security tools, which are designed to protect data in remote data centers [3][4]. - Wiz's CEO emphasized that the partnership will focus on making cloud security more accessible and intelligent, aligning with the trend of democratizing cloud and AI usage [3]. Financial Aspects - The acquisition price of $32 billion exceeds a previous buyout proposal of $23 billion that Wiz rejected in July [4]. - This cash transaction reflects Google's commitment to investing in security solutions as part of its broader strategy to enhance cloud services [2]. Regulatory Considerations - The acquisition will undergo scrutiny from antitrust regulators, with expectations that the current administration may have a mixed approach towards big tech mergers [4][5]. - The new Federal Trade Commission Chair has indicated a rigorous review process for mergers and acquisitions, which may impact the deal's approval [5].
HUMAN Sightline Revolutionizes Bot Management with AI-Enhanced Insights to Detect, Isolate, and Track Attackers
Globenewswire· 2025-03-18 13:30
Core Insights - HUMAN Security, Inc. has launched HUMAN Sightline, a suite designed to enhance bot management by detecting, isolating, and tracking individual bot profiles, thereby improving investigation efficiency and decision-making for security teams [1][6] Industry Context - The bot mitigation landscape is rapidly changing due to the rise of AI-generated threats, necessitating advanced detection techniques beyond traditional methods [2] - Bots are becoming increasingly sophisticated, prompting organizations to adopt more effective security optimization strategies [2] Product Features - HUMAN Sightline allows security teams to isolate individual attacker profiles and analyze their activities in detail, moving beyond basic anomaly detection [2] - The secondary detection engine of HUMAN Sightline segments automated activity into distinct profiles, enabling the tracking of nuanced shifts in bot behavior [2] Benefits of HUMAN Sightline - Focus and accelerate investigations by surfacing distinct bot activities and attack paths, allowing security teams to uncover hidden patterns [7] - Translate attack data into business-level visualizations, empowering security teams to present data-backed narratives to stakeholders [7] - Optimize security strategies by providing clarity on each attacker's actions and intent, enabling proactive identification of new threat patterns [7] Company Overview - HUMAN Security is a leading cybersecurity firm focused on protecting the integrity of digital interactions, verifying 20 trillion digital interactions weekly to respond effectively to sophisticated threats [5]
Google Announces Agreement to Acquire Wiz
Prnewswire· 2025-03-18 12:30
MOUNTAIN VIEW, Calif. and NEW YORK, March 18, 2025 /PRNewswire/ -- Google LLC today announced it has signed a definitive agreement to acquire Wiz, Inc., a leading cloud security platform headquartered in New York, for $32 billion, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud.This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (m ...
Archipelo Names Former PANW CSO Paul Calatayud as CISO & Chief Strategy Officer, Signaling the Rise of Developer Security Posture Management
GlobeNewswire News Room· 2025-03-18 12:01
Company Overview - Archipelo has appointed Paul Calatayud as Chief Information Security Officer (CISO) and Chief Strategy Officer, enhancing its mission in Developer Security Posture Management (DevSPM) [1][6] - The company focuses on securing software at its source, particularly addressing risks associated with developer actions and AI-generated code [6] Industry Trends - AI-powered software development is rapidly increasing, with over 75% of developers utilizing AI-assisted coding tools, but this also introduces new security vulnerabilities, with approximately 40% of AI-generated code containing such risks [2] - Traditional security tools are inadequate as they primarily focus on post-deployment fixes, while DevSPM aims to embed security into the development process from the outset [5] Strategic Positioning - Calatayud's appointment signifies a pivotal moment in cybersecurity, emphasizing the need for proactive security measures in software development amidst rising cyber threats and evolving geopolitical landscapes [3][4] - Archipelo's DevSPM integrates with existing security frameworks, enhancing Application Security Posture Management (ASPM), Cloud Security Posture Management (CSPM), and Cloud Native Application Protection Platform (CNAPP) [5] Funding and Market Adoption - Archipelo recently completed a $12 million funding round, indicating strong investor interest and growing adoption of DevSPM among Fortune 500 companies [5]
Report: Alphabet Close to $30 Billion Acquisition of Wiz
PYMNTS.com· 2025-03-17 23:22
Core Viewpoint - Alphabet is reportedly nearing a $30 billion acquisition deal for cybersecurity startup Wiz, following a previous $23 billion bid that was rejected last summer [1][2]. Group 1: Acquisition Details - The acquisition would enhance Alphabet's cloud computing capabilities by integrating Wiz's advanced security features [2]. - If finalized, this deal would mark Google's largest acquisition to date, surpassing the $12.5 billion purchase of Motorola Mobility in 2012 [2]. - Wiz had previously rejected a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO) [2][3]. Group 2: Company Valuation and Funding - Wiz was valued at $12 billion after securing $1 billion in funding during a May funding round, with plans to utilize the financing for acquisitions and talent development [3]. - The company achieved 100 official integrations within the first year of launching its Wiz Integration platform, allowing independent software vendors to create bi-directional integrations on the Wiz API [4]. Group 3: Regulatory and Security Credentials - Wiz was authorized as a CVE Numbering Authority (CNA) by the Common Vulnerability and Exposure (CVE) Program, enabling it to assign CVEs to vulnerabilities and share cybersecurity vulnerabilities with the public [5]. - The company also received FedRAMP Moderate authorization for its Wiz for Government product, in addition to its StateRAMP authorization and IL4 in-process status [5]. Group 4: Strategic Positioning - Wiz positions itself at the intersection of cloud, AI, and cybersecurity, offering a unified platform to assess and manage risks across various cloud environments and AI security postures [6].
Google revives talks to acquire Wiz at higher valuation
TechCrunch· 2025-03-17 23:11
Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at a $23 billion valuation last summer, but the transaction failed to materialize. This time, the price being discussed is higher, the person said. A price of around $30 billion was reported by The Wall Street Journal. Thomas Kurian, head of Google’s cloud division, is again leading the effort.Google Cloud se ...
Google parent Alphabet back in deal to buy cybersecurity startup Wiz for $30B: report
New York Post· 2025-03-17 21:15
Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, the Wall Street Journal reported Monday, in what could be the tech giant’s largest deal ever.A deal could come together soon, granted the talks don’t hit last-minute snags, the report said, citing people familiar with the matter.Wiz had called off a $23-billion deal with Alphabet last year to focus on its initial public offering.A deal for Wiz would be the Google parent’s largest tech deal ever. Sundry P ...
Hackers are exploiting Fortinet firewall bugs to plant ransomware
TechCrunch· 2025-03-17 15:58
Core Insights - Hackers linked to the LockBit gang are exploiting vulnerabilities in Fortinet firewalls to deploy a custom ransomware strain named "SuperBlack" [1][3] - Two vulnerabilities, CVE-2024-55591 and CVE-2025-24472, have been identified as being exploited since December 2024, with patches released by Fortinet in January [1][5] - The Mora_001 threat actor shows operational ties to the LockBit gang, indicating a potential affiliate relationship or shared communication channels [3][4] Vulnerabilities and Exploitation - The first vulnerability, CVE-2024-55591, has been actively exploited in cyberattacks against Fortinet customers since December 2024 [1] - The second vulnerability, CVE-2025-24472, is also being targeted by the Mora_001 group [1] - Forescout has investigated multiple incidents, confirming selective encryption of sensitive data after data exfiltration [2] Ransomware Characteristics - The SuperBlack ransomware is based on the leaked builder from LockBit 3.0 attacks, and the ransom note used by Mora_001 shares the same messaging address as LockBit [3] - The operational signature of Mora_001 suggests a distinct methodology that aligns with recent trends in ransomware attacks, focusing on data theft [2][3] Industry Response - Cybersecurity experts indicate that the ongoing exploitation of these vulnerabilities targets organizations that failed to apply patches or secure their firewall configurations [5] - Fortinet has not provided comments regarding the ongoing situation or the vulnerabilities [6]
Top Wall Street analysts favor these 3 stocks for the long term
CNBC· 2025-03-16 11:14
Core Viewpoint - Investors navigated a volatile trading week influenced by tariff rhetoric from the Trump administration, leading to weekly stock losses despite a rally on Friday [1] Group 1: Zscaler - Zscaler, a cloud-based cybersecurity company, is recognized for its Zero Trust Exchange platform, which protects users and applications from cyber threats [3] - The company reported strong second-quarter results for fiscal 2025, driven by the adoption of Zero Trust and artificial intelligence [3][4] - Analyst Shaul Eyal from TD Cowen reiterated a buy rating with a price target of $270, citing a revamped go-to-market strategy and improved sales productivity [4] - Zscaler's annual contract value from its AI Analytics portfolio nearly doubled year over year, with expectations to reach $3 billion in annual recurring revenue by the end of fiscal 2025 [5] - The company serves 14 of the 15 U.S. cabinet agencies and is expected to benefit from government efficiency initiatives [6] - The number of customers generating over $1 million in annual recurring revenue increased by 25% year over year to 620 [6] Group 2: Costco Wholesale - Costco Wholesale reported mixed results for the second quarter of fiscal 2025, with revenue exceeding expectations but earnings missing estimates [8] - Analyst Corey Tarlowe from Jefferies noted that the earnings miss was due to lower-than-expected gross margin expansion and forex headwinds, but highlighted strong comparable sales growth of 8.3% [9][10] - Costco's U.S. sales benefited from increased traffic and ticket growth, and the company has opportunities for further warehouse expansion [11] - The company confirmed that about one-third of its U.S. sales are imported, with less than half sourced from China, Mexico, and Canada, which may insulate it from tariff impacts [11][12] - Tarlowe raised the price target for Costco stock to $1,180 from $1,145 while maintaining a buy rating [12] Group 3: Karman Holdings - Karman Holdings, a defense and space systems manufacturer, recently went public and offers a diverse range of products [14] - Analyst Amit Daryanani from Evercore initiated coverage with a buy rating and a price target of $38, citing strong growth potential driven by various secular tailwinds [15] - Daryanani highlighted growth in U.S. orbital launch volume and increased focus on missile defense as key drivers for Karman's growth [16] - Fiscal 2025 sales are expected to grow 18% year over year to $409 million, with EPS projected at 36 cents and an EBITDA margin expansion to 31% [16]