the board likely won't approve of any acquisition for less than 2 billion. we aren't worth even half of that. slim chance that any buyer will pony up 2b for a cash burning dumpster fire. and we most definitely won't be aquihired, all the talent is leaving or has left.
I think acquisition would be higher than 2b. The company must still have good cash on hand. No idea what revenues are but must be 100m by now. Externally Lacework isn’t seen as a dumpster fire by most I think. Googlers that know Lacework most would think it’s a v technical company.
let's entertain the numbers you stated. say we give it a 10x multiple. 100m * 10 + 1b cash on hand = 2b. a 10x multiple is extremely generous. revenue has going down, and in reality, we aren't even at 100m.. given the trajectory, we're gonna burn thru all the cash and probably still not hit 100m.
Which grapevine are you hearing this from OP? We hear nothing. I could see us having a strategic partnership with Cisco but an acquisition doesn't make sense.
Heard KKR and then a partnership with Barracuda. Or Cisco, partnership with Umbrella and Splunk. Grapevine is VC community.
Cisco + Splunk would make more sense. There is nothing left for private equity to squeeze profits from. We are already lean.
It is possible to get 2b or 3b by folks who know the tech. Lacework has been a bad management problem, not tech. It's sad to see it lose this bad.
No the company is worth 1.8b at most and investors need to get paid back 2.5b investment, leaving employees with $0
Where is the number 2.5 coming from?
Why would people use Lacework when they could use Wiz?
Having experience with both products, I believe I can answer this question even if currently I work for Lacework and might sound biased. Wiz is a better product overall thanks to the UI. Simple and pretty. If s**t ever hits the fan, Wiz will be there, looking pretty like always and you wont even know you have been compromised. Lacework, harder to use (especially at the start). The UI used to be a mess (not anymore!!!). When s**t hits the fan —because it will— Lacework will light up like a christmas tree. The anomaly detection capabilities of Lacework are unique and unpaired in the market. In a perfect world, we would have Laiz: the UI and marketing of Wiz, with the engineering and talent of Lacework 😂
No, your anomaly detection algorithm is way too noisy and nobody will catch anything actionable. The actual actionable stuff are from security intelligence which is never your strength
Which has always been our challenge when customers stopped wanting to renew us. They can’t resolve proactively, and investigating reactively is hard.
I wouldn’t find it surprising as Cisco is pretty good at stupid acquisitions
From your lips to gods ears OP. For everyone piling in here: c-level management at lacework is a dumpster fire, not lacework. I think the earlier post from a lacer describing the product differentiation is fair. A company with competent leadership could do well with the product.
Any link to this grapevine community
Lol
It is just sad story for such a great product. Goes to say that you don't need to build a rocketship to get customers. Most of the time, a paperplane is all they want to use. I feel sorry for folks who joined in the last 2-3 years. I feel terrible for folks who joined earlier.
so you feel sorry for basically everyone right?
Did you ask chatgpt to summarize this? Ugh..why cant ai capture feelings better!!!
0-10% chance
What are you hearing fellow blinder? Why 0-10%?
99% today