In a shocking flip of occasions, Israeli cybersecurity startup Wiz has determined to finish its acquisition talks with Google-parent Alphabet, which might have resulted in a $23 billion deal, the biggest ever for Google.
This determination was communicated by means of an inside memo from Wiz CEO Assaf Rappaport, who emphasised the corporate’s renewed give attention to pursuing an preliminary public providing (IPO) and attaining substantial progress targets, Reuters reported.
“We obtained a really humbling supply, however with our distinctive group, I’m assured that that is the precise determination,” Reuters mentioned quoting Rappaport, with out particularly naming Google or Alphabet. “Our purpose is to attain an annual recurring income of $1 billion, and we consider we will attain this milestone independently.”
