HP to Acquire Fortify Software
HP (NYSE:HPQ) announced today that it has signed a definitive agreement to acquire Fortify Software, a privately held software security assurance company based in San Mateo, California.
Fortify’s products and help developers identify security flaws in software code, helping to make business applications more secure.
Fortify’s products will become part of HP’s Business Technology Optimization application portfolio, available through HP’s sales and service channels.
“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,” said John M. Jack, chief executive officer, Fortify Software.
Terms of the deal were not disclosed and upon close, HP will run Fortify initially as a standalone entity to ensure continuity while targeting the security market. Fortify investors, include famous VC firm Kleiner, Perkins, Caufield & Byers.