Both companies develop products and services designed to secure software during the development lifecycle.
According to Fortify Software CEO John Jack, the purchase was made to broaden Fortify's portfolio, particularly in the services it offers to help companies make the cultural shift to improve their coding practices.
"The acquisition was driven out of the synergies between the two companies," Jack said. "Secure Software had a reputation of being focused on services, process and automation.
"We also provide tools and services, but we saw a fit where our portfolio of services could be augmented by bringing people, processes and services from Secure Software."
Through the agreement, Fortify will acquire intellectual property, capital assets and skilled resources belonging to Secure Software. The financial details of the agreement will not be disclosed, Jack reported.
Based in California, Fortify tripled its annual revenue last year over 2005 figures. Jack said the acquisition is partly a part of the company's strategy to better accommodate its rapidly expanding customer base.
Fortify will support Secure Works Code Assure product for some time, but the plan is to fold this product in with Fortify's line of secure coding products.
Fortify Software acquires Secure Software
By Ericka Chickowski on Jan 18, 2007 12:33AM