NTT’s WhiteHat Security will be acquired by Synopsys for $330 million.
Synopsys, a major software provider in the chip industry, recently signed an agreement to acquire WhiteHat Security from NTT for approximately $330M in cash. The acquisition is expected to be completed by the third quarter of the 2022 fiscal year.
WhiteHat was founded by former Yahoo manager Jeremiah Grossman in 2001. The company provides application security solutions and services. Its cloud-based portfolio covers a range of security intelligence solutions and vulnerability management software. NTT has owned WhiteHat Security since 2019. After its acquisition, the company was labelled ‘NTT Application Security’.
The WhiteHat platform layers out three purpose-built, fast testing solutions and services at crucial software development lifecycle (SDL) points. They say they’re empowering DevOps, security teams, and developers with accurate security insights while building and deploying APIs and web applications. The platform, offered as SaaS, features an API that incorporates tools to simplify workflows and automatize app security during the entire SDL.
Why the acquisition is taking place
According to Synopsys, WhiteHat Security brings industry-leading app security tech to the table. WhiteHat Security is meant to strengthen Synopsys’ offering. “WhiteHat Security helped pioneer SaaS delivery of application security testing”, said Jason Schmitt, Synopsys Software Integrity Group’s general manager.
“It brings powerful technology and expertise into our application security portfolio. WhiteHat Security’s DAST capabilities complement our strengths, while their expertise in SaaS will accelerate our security testing SaaS capabilities.”
The latest service from WhiteHat Security
In January, NTT and WhiteHat Application Security released ‘Vantage Prevent’. The service leverages DevOps quality assurance and operational tests to determine vulnerable security loopholes in various APIs and web applications. Vantage Prevent enables DevOps engineers and developers to program security testing into delivery pipelines and integrations. Security staff can resolve risks and vulnerabilities before moving apps to production.