HP To Acquire Fortify
August 19, 2010
Earlier this week, HP announced that it will soon be adding Fortify to its list of recently acquired companies. This will be a huge advantage for HP in the security market.
Fortify Software is a company that specializes in software security. Founded in 2003, it has continued to grow and supply Software Security Assurance (SSA) to government agencies and fortune 500 companies in many different industries. Their best known software suite, Fortify 360, is a tool that can root out security issues in software, as well as fix those issues and prevent future vulnerabilities. In February of this year, HP and Fortify released their most recent collaboration, "Hybrid 2.0" which goes to show that there has been no problems between these companies working together in the past.
Once the deal is finalized, Fortify will continue to run as a stand-alone company. Eventually though, they will be slowly integrated into HP's Software and Solutions business. This will allow HP to put a much larger focus on software security in every aspect of 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, the executive VP of the Software and Solutions branch, in the official HP statement on the acquisition. "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."
This is not the only company HP has had its eye on. Just last month, HP finalized its purchase of Palm, Inc. This was meant to increase their connection to the rapidly growing mobile device market. This past April, HP bought 3Com for its computer network hardware capabilities. These companies were purchased for $1.2 billion and $2.7 billion dollars respectively. The details of the deal between HP and Fortify have not yet been disclosed.
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