Yuval Ofir Merav Bahat Tomer Schwartz. Photo credit Ben Hakim

Wiz Acquires Dazz for $450 Million to Expand Its Cybersecurity Platform

The Merging of Wiz and Dazz: A Game-Changer in Cybersecurity

In a move that has sent shockwaves through the cybersecurity industry, Wiz, a leading provider of cloud security solutions, has acquired Dazz, a pioneering company specializing in attack surface posture management. The acquisition marks a significant milestone for both companies, as they come together to create an unparalleled platform for protecting against cyber threats.

A Strong Foundation in Cloud Security

Wiz, with its all-in-one approach to cloud security, has established itself as a leader in the industry. Ingesting data from major cloud providers such as AWS, Azure, and Google Cloud, Wiz scans applications, data, and network processes for potential security risks. The company’s comprehensive platform offers over a dozen products covering areas like code security, container environment security, and supply chain security.

The Power of Dazz

Dazz, on the other hand, has been making waves with its innovative approach to attack surface posture management. By collecting vulnerability signals from the application layer across the stack, Dazz builds a rich context that enables users to track vulnerabilities back to their root cause, facilitating remediation efforts. The company’s product is considered industry-leading, and its 500% growth rate on a customer base of about 100 organizations speaks to its effectiveness.

A Perfect Match

The merger of Wiz and Dazz creates an unbeatable combination for customers seeking comprehensive cloud security solutions. With Wiz’s all-in-one approach and Dazz’s expertise in attack surface posture management, users will enjoy unparalleled visibility into their risk profile and the ability to prioritize remediation efforts with precision.

Key Takeaways

  1. Wiz now has annual recurring revenues of $500 million, with a goal of reaching $1 billion in the next year.
  2. Dazz’s ARR is in the tens of millions of dollars, growing at an impressive 500% on a customer base of about 100 organizations.
  3. The combined platform will offer customers a 360-degree view of risk, covering infrastructure and application layers.

A New Era in Cybersecurity

The acquisition of Dazz by Wiz marks the beginning of a new era in cybersecurity. As companies continue to digitize their operations, the demand for robust security solutions has never been greater. With this merger, Wiz and Dazz are poised to become the go-to providers of cloud security solutions, protecting organizations from even the most sophisticated cyber threats.

The combined platform will offer customers unparalleled visibility into their risk profile and the ability to prioritize remediation efforts with precision. As companies continue to digitize their operations, the demand for robust security solutions has never been greater. With this merger, Wiz and Dazz are poised to become the go-to providers of cloud security solutions.


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Sources:

Alex Kelleher Quantum Rise

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