M&A Deal Summary

Wiz Acquires Gem Security

On March 13, 2024, Wiz acquired information technology company Gem Security for 350M USD

Acquisition Highlights
  • This is Wiz’s 1st transaction in the Information Technology sector.
  • This is Wiz’s 2nd largest (disclosed) transaction.
  • This is Wiz’s 1st transaction in the United States.
  • This is Wiz’s 1st transaction in New York.

M&A Deal Summary
Date 2024-03-13
Target Gem Security
Sector Information Technology
Buyer(s) Wiz
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Gem Security

New York, New York, United States
Gem Security is a provider of a cloud security platform purpose-built for security operations. Gem Security was founded in 2022 and is based in New York, New York.

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Buyer(S) 1

Buyer

Wiz

New York, New York, United States
Category Company
Founded 2020
Sector Information Technology
DESCRIPTION

Wiz is a new approach to cloud security that finds the most critical risks and infiltration vectors with complete coverage across the full stack of multi-cloud environments. Wiz was formed in 2020 and is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Dazz

San Francisco, California, United States

Dazz is a company specializing in unified security remediation for code, clouds, applications, and infrastructure. Dazz is based in San Francisco, California.

Buy $450M
Mergr

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