Reported 3 months ago
Israeli cloud security startup Wiz has appointed Fazal Merchant as president and CFO to drive growth and prepare for an IPO planned within a year. The company, which rejected a $23 billion acquisition offer from Alphabet, aims to achieve $1 billion in annual recurring revenue, currently standing at about $500 million. Merchant, previously at Tanium and DreamWorks, emphasized the significant growth potential in the cloud security market, as only 15% of the global infrastructure is cloud-based.
Source: YAHOO