Software code analysis firm Veracode on Monday announced a deal to acquire Longbow Security, a seed-stage startup working on technology to automate root cause analysis of serious security vulnerabilities.
Financial terms of the transaction were not released.
Longbow Security, based in Austin, Texas, raised $3 million since its launch in 2019 from Security Leadership Capital and Grafton Street Partners.
In a statement announcing the deal, Veracode said it plans to integrate Longbow technology to help security teams to discover cloud and application assets quickly and easily assess their threat exposure using automated issue investigation and root cause analysis.
Veracode’s bet is that the integration of the two companies will provide a comprehensive view of risk, automate prioritization by severity and automated remediation of code security flaws.
“The result is reduced risk and fewer vulnerabilities in applications and cloud infrastructures,” the Mass.-based Veracode added.
With Longbow, Veracode said its customers can gain unified visibility of risk across applications, code, and cloud; orchestrated remediation from code to cloud; automated root root cause analysis to pinpoint the best path to remediation; and continuous monitoring and assessment via real-time vulnerability discovery.
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