HP to Acquire Fortify Software, Helping Clients Proactively Reduce Business Risks of Insecure Software.
India, Aug. 19 -- HP and Fortify Software has announced they have entered into a definitive agreement under which HP will acquire Fortify Software, a privately held software security assurance company based in San Mateo, Calif.
Terms of the deal were not disclosed.
With the acquisition of Fortify Software, HP will offer a complete, market-leading solution that helps organizations reduce business risk, meet compliance regulations and protect against malicious application attacks by integrating security assurance seamlessly across the application life cycle.
"Businesses operate in a world of increasing security and compliance challenges, and the applications and services that they rely on are core to the problem and the solution," said Bill Veghte, executive vice president, Software and Solutions, HP. "With Fortify's leadership in static application security analysis combined with HP's expertise in dynamic application security analysis, organizations will have a best-in-class solution to improve the security of their applications and services."
"Fortify has always been committed to helping chief information security officers and application teams find, fix and prevent security vulnerabilities before they can be exploited by attackers," said John M. Jack, chief executive officer, Fortify Software. "Joining HP will allow us to further integrate our proven technology and security expertise with HP's solutions, letting our joint clients shrink the time-to-security for their new and existing production applications."
HP and Fortify's history of collaboration includes the introduction in February of "Hybrid 2.0," an advanced security analysis technology that strengthened an earlier integration announced in June 2009. With the acquisition of Fortify, HP will be able to accelerate development of this technology to give clients the accuracy and prioritization they need around security vulnerabilities to build scalable enterprise application security programs.
Upon close, HP will run Fortify initially as a standalone entity to ensure continuity while targeting the security market. Fortify will be integrated over time into the HP Software and Solutions business. Fortify's products will become part of the Business Technology Optimization application portfolio, available through HP's sales and service channels.
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|Publication:||The CTO Forum|
|Date:||Aug 19, 2010|
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