HP announces intention to acquire Fortify Software
HP has announced that it is to acquire the software security assurance company Fortify Software.
The companies have entered into a definitive agreement, and terms of the deal were not disclosed. The acquisition will allow HP to offer a more rounded solution to help organisations reduce business risk, meet compliance regulations and protect against malicious application attacks by integrating security assurance seamlessly across the application lifecycle.
HP also claimed that with the acquisition of Fortify, it will be able to give clients the accuracy and prioritisation they need around security vulnerabilities to build scalable enterprise application security programs.
Bill Veghte, executive vice president of software and solutions at HP, said: “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. With Fortify's leadership in static application security analysis combined with HP's expertise in dynamic application security analysis, organisations will have a best-in-class solution to improve the security of their applications and services.”
John M. Jack, chief executive officer of Fortify Software, said: “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. 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.”
Upon the close of the deal, 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 optimisation application portfolio, available through HP's sales and service channels.