Cloud security platform Wiz has acquired Gem Security to bolster its cloud threat defense and add cloud detection and response (CDR) expertise that Wiz CEO Assaf Rappaport said in a blog post will "help us reinvent SecOps." Financial terms of the deal were not disclosed.
This is technology M&A deal number 94 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
Wiz, founded in 2020 in Tel Aviv, Israel, is based in New York City, New York. The company has approximately 900 employees. Wiz's areas of expertise include cloud security, network security, infrastructure security, CNAPP, and security operations. Wiz's platform is used by customers including Salesforce, Colgate-Palmolive, BMW, Fox Corp., and more.
Gem Security, founded in 2022, is also based in New York City. The company has 82 associated members listed on LinkedIn. Gem Security's areas of expertise include cloud-native security, incident readiness and response, and real-time threat detection, investigation, and response.
Rappaport wrote that, in a year marked by security consolidation, Wiz can "own the market" by eliminating tool sprawl, silos, and visibility gaps and by addressing customers' cloud detection and response challenges. The Gem Security acquisition is a means to achieve that end.
"Threat detection in the cloud today faces a similar set of challenges as those that Wiz set out to solve in the posture space: The complexity of cloud environments presents a new challenge for security teams," Wiz CTO and cofounder Ami Luttwak explained. "Traditional detection tools were created for on-premises and adopt a workload-only focus that produces siloed, contextless alerts. On top of that, SOC teams struggle to complete the picture due to lack of cloud context and visibility requiring constant dev team involvement," he said.
Gem Security will round out Wiz's SecOps for the cloud capabilities with tools designed specifically for cloud and cloud-native environments, said Gem Security co-founder Arie Zilberstein.
"Existing cloud security tools are primarily designed for DevOps teams — analyzing static configurations to identify vulnerabilities. In comparison, Gem's platform is focused on real-time defense against cloud-native attacks, continuously analyzing cloud activity to enable SOC teams to identify and investigate any suspicious or unauthorized action," Zilberstein said.
