HP to acquire Fortify Software
HP and Fortify Software have entered into a definitive agreement under which HP will acquire Fortify Software. Terms of the deal were not disclosed.
With the acquisition of Fortify Software, HP will offer a complete 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.”
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.