Wiz Acquires Gem Security

Google to Acquire Wiz for $32 Billion

March 21, 2025

Cybersecurity

Google LLC has signed a definitive agreement to acquire Wiz, Inc., a New York–based cloud security platform, in an all-cash transaction valued at $32 billion subject to closing adjustments. The deal expands Google Cloud's security capabilities and accelerates its strategy to deliver improved cloud and multicloud security solutions to enterprise customers.

Wiz Acquires Dazz for $450M to Expand Cloud Security Remediation and Posture Management

November 21, 2024

Cybersecurity

Wiz has acquired Dazz in a cash-and-share deal valued at $450 million to add remediation and attack-surface/posture-management capabilities to its cloud security platform. Dazz will continue to operate as a separate entity while being integrated into Wiz’s stack to deliver a more comprehensive 360-degree risk and remediation offering for developer and enterprise customers.

Blockdaemon Acquires Gem

March 9, 2022

Payments & Fintech

Blockdaemon has acquired Gem, a cryptocurrency API company that provides a fiat-to-crypto on-ramp and trade data aggregation services. The deal brings Gem's onramp, Connect API, KYC Passport and engineering team (including CEO Micah Winkelspecht) into Blockdaemon to accelerate product capabilities and immediately generate transaction-based revenue.

ThoughtWorks Acquires Gemini Solutions Inc

January 13, 2021

IT Services

ThoughtWorks has agreed to acquire Gemini Solutions Inc., a privately-held software development and consulting firm, to establish ThoughtWorks Romania and strengthen its nearshore delivery capabilities in Europe. The Gemini team of over 170 engineers based in Bucharest, Cluj and Iași will support ThoughtWorks’ clients across the UK, Germany, North America and France, and Serban Tir will become general manager of ThoughtWorks Romania.

Amplix Acquires 24By7Security

November 19, 2025

Cybersecurity

Amplix, a Gemspring Capital portfolio company, has acquired 24By7Security, a Coral Springs-based cybersecurity consulting and compliance firm. The add-on expands Amplix’s cybersecurity capabilities—adding services such as program development, risk assessments, vCISO advisory, incident response planning, security testing, and managed security operations—to better support clients across regulated and non-regulated industries.

Gemspring Capital Acquires Security 101

January 7, 2022

Professional Services

Gemspring Capital Management, through an affiliate, acquired a majority interest in Security 101, a national provider of commercial security system solutions. The partnership will keep Security 101's management in place and aims to accelerate geographic expansion, broaden service and technology offerings, and grow the company's client base across healthcare, education, financial and government end markets.