Home ยป Acquisition of Dazz Business by Wiz Company Addresses Security and Risk Management Challenges.

Acquisition of Dazz Business by Wiz Company Addresses Security and Risk Management Challenges.

Wiz, a cloud security company, has announced the acquisition of Dazz, a company specializing in security problem-solving and risk management. The deal’s value has not been disclosed, but TechCrunch estimates it to be around $450 million.

According to Wiz, organizations today face risks at every connection point, from code levels to the cloud or even on-premises. This necessitates tools for risk prioritization and management to support various decision-making processes, leading to the acquisition of Dazz to enhance their toolset in this area.

In a statement, Assaf Rappaport, CEO of Wiz, mentioned his long-standing working relationship with Merav Bahat, CEO of Dazz, as they had previously worked together at Microsoft before starting security-related companies.

Source: Wiz and TechCrunch

TLDR: Wiz acquires Dazz to bolster their risk management tools in response to the increasing risks faced by organizations in today’s interconnected landscape.

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Microsoft Prepares Security Seminar for Windows – Main Focus on CrowdStrike Case Study

BlackBerry Abolishes IoT IP Business Blueprint Concurrently Appointing New CEO

Preparation for Public Apology to the United States House of Representatives Ethics Committee by CrowdStrike.