Wiz Strengthens Cloud Security Platform with Acquisition of Gem Security
Briefly

Wiz, valued at $10 billion, acquires Gem Security to bolster its cloud security platform. Gem Security's real-time CDR solutions align with Wiz's focus on combating cloud-native attacks, following previous acquisitions for platform improvement.
Gem Security, with a $350 million estimated acquisition price, provides technology for rapid containment of cloud-native threats. The acquisition incorporates Gem Security's innovative solutions and skilled team into Wiz's security offerings.
CEO Assaf Rappaport underscores the significance of industry consolidation, viewing it as the future of security. Integrating Gem Security's capabilities, Wiz aims to provide customers with a comprehensive security solution.
Read at siliconvalleyjournals.com
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