logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Wiz completes acquisition of Dazz to enhance cloud security capabilities

Nov 21, 2024•about 1 year ago

Acquiring Company

Wiz

Acquired Company

Dazz

New YorkSan FranciscoCyber SecurityCloud SecurityNetwork SecuritySecurity

Description

Wiz, the cloud security leader, has announced its strategic acquisition of Dazz, a Palo Alto-based startup known for its innovative AI-driven vulnerability and risk management platform. This acquisition aims to extend Wiz's offering to include smart risk prioritization and remediation, simplifying how customers strengthen their security posture and marking a new era in application security and vulnerability management.

Company Information

Company

Wiz

Location

New York, New York, United States

About

Wiz was founded by CEO Assaf Rappaport, CTO Ami Luttwak, VP Product Yinon Costica, and VP R&D Roy Reznik. The team has worked together for over 20 years, including as Microsoft's Cloud Security Group leads and as the founding team of Adallom, which was acquired by Microsoft for $320 million. Wiz scans every layer of the cloud to provide complete visibility, and uses its Security Graph's context to eliminate the noise and surface the risks that matter most. Customers can then quickly identify, prioritize and remove risks across their cloud. This new approach to cloud security disrupts the agent-based security model and utilizes an agentless, API-centered approach to seamlessly scan cloud workloads. Wiz said goodbye to contextless alerts and, instead, at the heart of the product lies the Wiz Security Graph.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed