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DazzTechCrunch
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80% Informative
Wiz is buying Dazz , a specialist in security remediation and risk management.
Sources tell us the deal is valued at $450 million in a mix of cash and shares.
Dazz will continue to operate as a separate entity while it’s integrated into the larger Wiz stack.
Wiz scans applications, data and network processes for security risk factors and provides a range of detailed views to its users to understand where those risks exist.
Wiz says it is now at $500 million in annual recurring revenues (it's aiming for $ 1B in ARR in the next year ).
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