HP Deals for Cyber Security Firm

Tuesday, August 17, 2010 @ 03:08 PM gHale


In a move to hike its security offerings, Hewlett-Packard Co. will buy San Mateo, CA-based Fortify Software.
The company did not disclose financial terms of the buyout Tuesday.
Privately held Fortify helps organizations reduce business risk, meet compliance regulations and protect against malicious application attacks by integrating security across the application life cycle. HP and Fortify began marketing their software security technology as a package last year.
“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,” said John M. Jack, Fortify’s chief executive. “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.”
“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.
HP will run Fortify as a standalone business before integrating the company into its software division.



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