Funding/M&A

HP to Acquire Fortify Software

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.

Mike Lennon

August 17, 2010

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.

HP Acquires Fortify

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.

Written By Mike Lennon

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

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