- Wiz is making a significant new acquisition - It is buying IS startup Dazz for a price of $450 million - This deal will be paid in cash and stock - In July 2024, Dazz had a valuation of $400 million - The startup focuses on vulnerability remediation - It also focuses on configuration management - Wiz did not fully provide such services. - It claims that Dazz was the leader in this market - Dazz's solutions are planned to be integrated for Wiz - Wiz itself has an ARR of $500 million. - It plans to reach $1 billion ARR in the next year - It already has 45% of Fortune 100 companies as customers - ARR for Dazz is in the tens of millions of dollars - He has about 100 customers and revenue is growing at 500%.