Cybersecurity company Wiz acquires Dazz for $450 million

This week, we informed you that cloud data platform Snowflake acquired data management company Datavolo. we had transferred. Giant acquisitions in the technology world continue unabated.

cyber security company Wizsecurity remediation and risk management company to strengthen cloud security Dazzthe for 450 million dollars bought it. Let’s add that the $450 million purchase agreement was made in the form of a cash and share swap.

According to the information provided by Wiz, this acquisition was the largest agreement made by the company within the scope of its 1 billion dollar acquisition budget.

Dazz, which was founded in 2021 and has raised $110 million in investments to date. It focuses on resolving security vulnerabilities and increasing system security. Following the acquisition, Dazz will continue to operate as an independent unit while being integrated into Wiz’s system.

Wiz generates annual recurring revenue from 500 million dollars to 1 billion dollars While aiming to increase the On the other hand, Dazz’s customer base has reached approximately 100 organizations with a growth rate of 500 percent. Also last July Wiz rejected Google’s $23 billion acquisition offer let’s remind.

As companies move to cloud systems, more complex and expanding attack surfaces emerge. Dazz’s solutions offer important technologies that address these challenges. This acquisition will allow Wiz to provide a more comprehensive and effective security service to its customers.