Cybersecurity
Cyber Startup Wiz to Buy Gem Security for $350 Million
- Deal marks second acquisition for cloud security firm
- Gem news follows spate of deals involving Israeli cyber firms
This article is for subscribers only.
Cloud cybersecurity startup Wiz Inc. will buy Gem Security for $350 million in a cash deal, according to people familiar with the matter, in the second acquisition for the fast-growing company.
The New York-based company declined to comment on the acquisition, but acknowledged that “these are indeed exciting times for Wiz.” Gem Security, which has offices in New York and Tel Aviv, provides a centralized approach to deal with threats in the cloud, including incident readiness, real-time threat detection, investigation and response.